<span>A. income statement debit column</span>
Full question:
Management implements internal controls to ensure that all required footnote disclosures are accurate. Auditors tests those controls to provide evidence supporting the ________ presentation.
A) completeness and valuation
B) completeness and accuracy
C) rights and obligations and existence
D) occurrence and accuracy
<u>Answer:</u>
Auditors tests those controls to provide evidence supporting the completeness and accuracy presentation.
<u>Explanation:</u>
During the interim audit, the internal control system is documented and assessed. The completeness and accuracy of the erudition in the report superimposed which the auditor is relying on. Accuracy simply is inadequate. One requires to obtain certitude about both the completeness and the accuracy.
The statement that all the transactions that should hold been recorded are recorded is named completeness. A transaction is deemed accurate if: There is no fault while developing the supporting document, and there is no failure while posting this transaction.
Answer:
$1,200
Explanation:
Since the promissory note is accepted by Dallas Corporation for the period of only four months in the Year 1 i.e. from the September 1, Year 1 to December 31, Year 1, therefore the interest revenue will be accrued for the period of four months which shall be calculated using the below mentioned equation:
Interest revenue=Promissory note amount*interest rate*4/12
=$30,000*12%*4/12
=$1,200
Answer:
<u>well my dads a licensed student loan manager for UCB in CA and he said Federal Student Loans have FIXED INTEREST meaning no matter the change in other people loans your interest rate doesnt change. So it has to be credit cards.</u>
Explanation:
Also credit cards dont have fixed interest rates so say today you have an 8% interest rate and next month it changes to 12% thats because of the fixed rate so in the near future you'd end up paying more in credit card tax then student loans. And student loans payment are negotiable , payments can be somewhat reasonable as for credit cards co.'s they take out a payment either way without you having a say in monthly change until you pay the loan off.
In my personal opinion I think its credit cards.
Answer:
Beta of Stock C is 1.6
correct option is d. 1.6
Explanation:
given data
portfolio beta = 1.2
stock A beta = 0.9
stock B beta = 1.1
to find out
beta of stock C
solution
we will apply here Portfolio Beta equation that is express as
Portfolio Beta = ( Weight of Stock A × Beta of Stock A ) + ( Weight of Stock B × Beta of Stock B ) + ( Weight of Stock C × Beta of Stock C ) ......................1
here weight for each stock = 
put here value we will get
1.2 = ( × 0.9 ) + ( × 1.1 ) + ( × Beta of Stock C )
solve it we will get
Beta of Stock C = 1.599
so Beta of Stock C is 1.6
and correct option is d. 1.6
