Answer:
Report of the Independent Accountants
Explanation:
From the question we are informed about An investor who found the following in an annual report: "The financial statements, in our opinion, present fairly the financial position, operating results, and cash flows, in conformity with accounting principles generally accepted in the United States." The section which the annual report was fond by the investor is Report of the Independent Accountants. Independent Accountant's Report can be regarded as a report that encompass broad spectrum of work that has been carried out through an accountant of an independent firms. And this is usually carried for
charitable as well as commercial organisations in public as well as private sector.
<span>The stage of the consumer decision making process that is represented is needing recognition. When Sam's car was totaled by someone hitting a stop sign, Sam found out his car could not be repaired therefor he discovered that he needed a new car. This was recognizing the need, which was to replace his vehicle.</span>
Answer:
The yield to call is 5.07%
Explanation:
The yield to call can be computed using the rate formula in excel,which is given as :=rate(nper,pmt,-pv,fv)
nper is the number of years to call which is 6 years
pmt is the annual interest coupon payable by the bond,which is :6.75%*$1000=$67.5
The pv is the current price at which the bond is offered to investors. i.e $1,135.25
fv is the price at the bond would be called in six years i.e par value+premium
par value is $1000
premium is $67.5
call price is $1067.5
=rate(6,67.5,-1135.25,1067.5)
rate=5.07%
Answer:
$0
Explanation:
In this method, the transaction reporting will be performed on an accrual basis which means whether or not the payment is paid but it is reported in the account books.
Once the expenditure is incurred or the revenues is earned the same is to be recorded in the books of accounts whether cash paid or not and in case of revenues whether cash received or not
In the given case, the Canon corporation sells on October 15 so it would be recorded on October itself .
Therefore, no revenue would be recognized on the month of November
Answer
The answer and procedures of the exercise are attached in the following archives.
Step-by-step explanation:
You will find the procedures, formulas or necessary explanations in the archive attached below. If you have any question ask and I will aclare your doubts kindly.
