Answer:
im sorry i need point for a quiz so sorry
After the balance sheet date with duplicate sales invoices and shipping documents.
<h3 /><h3>What is the risk of material misstatement?</h3>
The risk of major misrepresentation is the possibility that an organization's financial statements contain significant errors. Auditors evaluate this risk at the two levels listed below. The level of detection risk is reduced when the danger of material misstatement is high (increases the amount of evidence obtained from substantive procedures). The risk of an audit is decreased as a result.
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Answer:
2.6%
Explanation:
Jensen Measure is calculated using the below formula
Jensen Alpha = Rp - (Rf + beta*(Rm - Rf))
Where Rp = Return on portfolio = 20%, Rf = risk free rate = 3%, Beta = Beta of portfolio = 1.8 and Rm = Market return = 11%
Jensen Alpha = 20 - (3 + 1.8*(11-3))
Jensen Alpha = 20 - (3 + 1.8*8)
Jensen Alpha = 20 - (3 + 14.4)
Jensen Alpha = 20 - 17.4
Jensen Alpha = 2.6%
Answer: a. Liabilities increased by $1.0 million in 2018
Explanation:
In 2018, $9 million was used to settle the wage debt of 2017 and the remainder was used to settle the wages in 2018.
The money remaining in cash after the wage settlement was:
= 9,000,000 - 2,000,000 - 8,000,000
= -$1,000,000
This means that $1,000,000 of wages was not settled in 2018 which means that this would have to go to the Wages Payable account to signify that the company owes wages.
This account is a liability account so liabilities in 2018 would increase by $1,000,000.
<span>Er macht nicht 1000 Liegestütze pro Tag</span>
