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Alisiya [41]
3 years ago
10

Which of the following situations would preclude an accountant from issuing a review report on a company's financial statements

in accordance with Statements on Standards for Accounting and Review Services (SSARS)?
a. Finished-goods inventory does not include any overhead amounts.
b. The accountant was engaged to review only the balance sheet.
c. The owner of a company is the accountant's father.
d. Land has been recorded at appraisal value instead of historical cost.
Business
1 answer:
sasho [114]3 years ago
3 0

Answer:

c. The owner of a company is the accountant's father.

Explanation:

Standard for Accounting and Review services (SSARS) is used for an entity that is not required to file financial statements with a regulatory body for sale of its securities in the public market.

It is concerned with unaudited financial statements and other unaudited information.

According to the SSARS when the accountant is exposed to bias by being related or having vested interest in the company he is precluded from issuing a review report on the companie's financial statements.

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IPhone. People pay a ton for iPhones. I think people pay so much because it’s a computer in ur pocket.
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2 years ago
Place the steps of the marketing research approach in the correct order. (Note: the first step should be the top item on your li
gregori [183]

Answer:

Choice 5 of 5. Define the problem

Choice 1 of 5. Develop a research plan

Choice 2 of 5. Collect relevant information

Choice 3 of 5. Develop findings

Choice 4 of 5. Take marketing actions

Explanation:

The steps of the marketing research approach includes

Step 1: Defining the problem

Step 2: Construction of the ideologies from which the problem is approached

Step 3: Formulation of research designs through which data and information are collected

Step 4: The collection and analysis

Step 5: Presentation of report and take marketing action

Therefore, the correct order from the given options are;

Choice 5 of 5. Define the problem

At this stage, the problem that is the basis for the research is clearly defined, including the background information, the purpose of the research,  and the information that could be useful in decision making

Choice 1 of 5. Develop a research plan

The blueprint or outline of how the research is to be conducted

Choice 2 of 5. Collect relevant information

The fieldwork in collection of data from the listed sources in the research blueprint

Choice 3 of 5. Develop findings

The findings are analyzed to derive the actionable research results

Choice 4 of 5. Take marketing actions

The implementation of the made decision

3 0
2 years ago
Name at least 2 challenges and at least 2 opportunities for managers in using Organizational Behavior (OB) concepts?
Svetllana [295]

Answer: Improving Peoples’ Skills

Improving Customer Service

Explanation:

Two challenges and opportunities for managers in using Organizational Behavior (OB) concepts are;

Improving Peoples’ Skills

Improving Customer Service

Improving People's skills would be seen as seeing the people develop in various field and sector where they are performing and an avoidance of this affects the growth of the organization.

Improving the customer service improves the face of the business, once this is catered for, it gives a good reputation about the company.

3 0
2 years ago
Economy
Irina18 [472]
Gross investment exceeds depreciation
5 0
3 years ago
A corporation reports the following year-end balance sheet data. The company's debt ratio equals:
vlada-n [284]

Answer:

2.20

Explanation:

The company's debt ratio equals: 2.20

5 0
3 years ago
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