1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
shutvik [7]
3 years ago
10

An accountant may compile a nonissuer's financial statements that omit all of the disclosures required by GAAP only if the omiss

ion is:I.Clearly indicated in the accountant's report.II. Not undertaken with the intention of misleading the financial statement users.a. Both I and II.b. I only.c. Neither I or II.d. II only.
Business
1 answer:
I am Lyosha [343]3 years ago
6 0

Answer: B) Only I

Explanation: The first rule regarding reporting requires that the auditor indicate in his report whether the financial statements were prepared in accordance with the generally accepted GAAP accounting principles. The term "accounting principles" used in the first information standard shall be understood to cover not only accounting principles and practices but also the methods of their application at a particular time. There is no comprehensive list of GAAP, since both written and oral principles are accepted in accounting.

You might be interested in
When filing your tax return, what is the maximum amount you can deduct for a capital loss?.
AnnZ [28]

When filing your tax return, the maximum amount you can deduct for a capital loss is $3,000(for individuals and married filing jointly) or $1,500 (for married filing separately).

<h3>What is a tax return?</h3>

A tax return is such or more forms submitted to a taxing body that include earnings, outlays, and other crucial tax data.

Tax returns give taxpayers the option to determine their tax liability, plan out their tax payments, or ask for refunds for any taxes they have paid in excess of what is required.

Some characteristics is of tax returns are-

  • For just an individual or corporation having reportable income, such as wages, interests, dividends, capital appreciation, or other earnings, tax returns must typically be filed annually.
  • The tax return is just a document submitted to a taxing authority that lists earnings, outlays, and other pertinent financial data.
  • Taxpayers compute their tax liabilities, set up tax payments, and request refunds for overpaid taxes on their tax returns.
  • Tax returns must typically be filed yearly.

To know more about tax returns, here

brainly.com/question/27300507

#SPJ4

5 0
1 year ago
A welder who quits his job and moves from Pittsburgh to Madison to try to get a better welding job is said to be:Group of answer
RideAnS [48]
Frictional unemployment is the result of voluntary employment transitions within an economy.
5 0
2 years ago
Given :
KIM [24]

Answer:  

Direct Method

          Operting Activities

$1,390 Cash Collected from Services

-$7,864 Cash to rent Equipment

-$0,864 Cash to repair facilities

$24,285  Collected from customers  

        Financing Activities

-$0,150  Repaid Long Term  

$16,797  Net Cash  

Explanation:

These others activities are not included because doesn't inclulde movements of cash.

(2) Purchased new equipment costing $3,434; signed a long-term note.

8 0
3 years ago
The most common type of family structure for u.s. children aged 6 to 11 is:
neonofarm [45]
Single parent household
8 0
3 years ago
Quaker introduced its "quaker oats to go" bar and marketed it as a healthy and convenient breakfast choice. quaker marketing mes
Doss [256]
<span>quaker marketing message is designed to help the consumer to :
- Recognize a problem (which is that people often do not have enough time to make their own breakfast before go to work)
and
- </span><span>acknowledge breakfast as important and make it a priority in their busy day (and make customers aware that they need to consume something nutritious to be able to function properly at their job)</span>
8 0
2 years ago
Other questions:
  • High Country, Inc., produces and sells many recreational products. The company has just opened a new plant to produce a folding
    13·2 answers
  • A company had beginning inventory of 11 units at a cost of $17 each on March 1. On March 2, it purchased 11 units at $28 each. O
    10·1 answer
  • Suppose your opportunity cost rate is 11 percent compounded annually. (a) How much must you deposit in an account today if you w
    9·1 answer
  • A vendor allows a 2% discount if an invoice is paid within 10 days. a purchase was made for $5,000 on june 10 and paid on june 1
    9·1 answer
  • How much is one euro in american dollars?
    15·1 answer
  • The materials used by the Holly Company's Division A are currently purchased from an outside supplier. Division B is able to sup
    8·1 answer
  • The long-run market supply curve in a competitive market will
    14·1 answer
  • If the Federal Reserve announces that its target for the federal funds rate is rising from 4 percent to 4.25 percent, how do you
    8·1 answer
  • Kolander Company has the following accounts and balances at the end of the​ year:
    14·1 answer
  • 1.4 is? a. perfect square b. rational number c. irrational number d. whole numbers​
    15·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!