Answer:
Errors, fraud, and noncompliance with laws with a direct effect on financial statement amounts.
<h3>
How does the auditor obtain reasonable assurance?</h3>
- In order to obtain reasonable assurance, the auditor shall obtain sufficient appropriate audit evidence to be able to draw reasonable conclusions on which to base the audit opinion.
- Reasonable assurance is obtained when the auditor has thereby reduced audit risk to an acceptably low level.
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Answer:
A strong dollar occurs when the U.S. dollar has risen to a level against another currency that is near historically high exchange rates for the other currency relative to the dollar.
Explanation:
Answer:
the net cost of debt to a firm is generally less than the cost of equity.
Explanation:
If we assume both, investor in firms and lender to firms want's a certain return x
because the lender return (the interest) are tax deductible the net cost of debt will be: x ( 1 - t)
where t is the tax rate being rate beteen 0 and 1
as 1 less a fraction will be less than 1 we can stablish that:
x > x(1 - t)
x is the cost of equity
while x(1-t) is the net cost of debt
therefore, the cost of debt is lower than cost of equity.
There are a lot of ways that you can do to determine if an email address is a valid one or a fake one. You can either send a message to the email address, search it on the internet, or check it on some email verification websites. However, one of the best ways that you can do is that you should check the location of the email address. By doing this method, you will be able to determine where it came from which will prove that it is a valid email address.
Answer:
$76,440
Explanation:
Calculation to determine the proper amount of net income as of December 31, 2018
Net income $87,000
Less Adjusted for insurance ($4,050)
($16,200*3/12)
Less Adjusted for deferred income ($2,700)
Less Adjusted for supplies ($2,100)
Less Adjusted for interest ($1,710)
($57,000*9%*4/12)
Net income (Adjusted) $76,440
Therefore The the proper amount of net income as of December 31, 2018 will be $76,440
