What requires frequent safety and health inspections

Which element of internal control deals with establishing procedures for things such as handling of incoming checks, and which e

inna [77]

There are five elements in Internal Control of an organization. In establishing procedures for the handling of incoming checks belongs to the element Policies and Procedures and the element that deals with the oversight of the internal control system is the Risk Assessment.

4 0

3 years ago

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the 2010 federal budget for the united states includes spending $164 billion to pay interest on the national debt. if this amoun

Irina-Kira [14]

The total federal budget based on the budgeted interest on national debt is $3550 billion($3.55 trillion)

What percentage of the budget is $164 billion on national budget?

The spending on interest regarding the national debt is 4.62% of the entire federal budget, on that basis, we can convert the 4.62% to what 1% term and multiply that by 100% to ascertain the total federal budget.

4.62% of federal budget=$164 billion

1 % of federal budget=$164 billion/4.62

1 % of federal budget=$35.50 billion

100% of federal budget=$35.50 billion*100

100% of federal budget=$3.55 trillion

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6 0

1 year ago

Sudoku Company issues 17,000 shares of $8 par value common stock in exchange for land and a building. The land is valued at $230

steposvetlana [31]

Answer:

Debit Land for $230,000

Debit Building for $372,000

Credit Common Stock (w.1) for $136,000

Credit Paid in capital in excess of per value (w.2) for $466,000

Explanation:

The journal entry will look as follows:

<u>Account Name Dr ($) Cr ($) </u>

Land 230,000

Building 372,000

Common Stock (w.1) 136,000

Paid in capital in excess of per value (w.2) 466,000

<u><em>(To record issuance of stock in exchange for the land and building.) </em></u>

Workings:

w.1: Common stock = Number of shares issued * Price per share = 17,000 * $8 = $136,000

w.2: Paid in capital in excess of per value = Value of land + Value of building - Common stock = $230,000 + $372,000 - $136,000 = $466,000

4 0

3 years ago

Panther Co. had a quality-assurance warranty liability of $350,000 at the beginning of 2021 and $310,000 at the end of 2021. War

Diano4ka-milaya [45]

Answer:B

Explanation: :)

7 0

3 years ago

Companies must follow generally accepted accounting principles (gaap) for ______ accounting reports.

Snowcat [4.5K]

Companies must follow generally accepted accounting principles (gaap) for international financial reporting standards accounting reports

<h3><u>What are international financial reporting standards ?</u></h3>

The International Financial Reporting Standards (IFRS) are a group of accounting guidelines that specify which kinds of transactions and events must be disclosed in financial statements.
The International Accounting Standards Board created and maintains them (IASB).
The IASB wants the rules to be implemented consistently across the world so that investors and other users of financial statements may compare the financial performance of publicly traded firms with that of their worldwide peers on an equal footing.
More than 100 nations, including the European Union and more than two-thirds of the G20, currently utilize IFRS.
International Accounting Standards (IAS), which were more traditional standards that IFRS superseded in 2000, are occasionally mistaken with IFRS.

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8 0

2 years ago