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anygoal [31]
3 years ago
13

The agreement of the trial balance totals is an indication that all transactions have been properly recorded in the books of acc

ounts. Do you agree with this statement?
Business
1 answer:
Zina [86]3 years ago
3 0

Answer:

No

Explanation:

The trial balance shows the totals of all transactions that have been recorded. It has no way of knowing if there are additional transactions that have not been recorded.

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Which of the following is responsible for conducting an independent
Airida [17]

Answer:

-Auditor

Explanation:

The auditor is responsible for conducting an independent examination of the financial statements and records of the company. he or she checks whether the company follows the accounting principles, norms, etc as prescribed and according to that he or she give the qualified or unqualified report

Therefore as per the given situation, the option a is correct

3 0
3 years ago
The cost principle requires that when assets are acquired, they be recorded at __________.
zzz [600]
The right answer for the question that is being asked and shown above is that: "d. exchange price paid." The cost principle requires that when assets are acquired, they be recorded at d. exchange price paid<span>
</span>
4 0
4 years ago
Congress missed the fact that various agencies with responsibility for supervising the banking industry were negligent in identi
stira [4]

Answer:

oversight.

Explanation:

Oversight can be defined as an unintentional failure to notice a mistake or error, or an unintentional failure to act upon an event caused by an error.

Both the FED and the SEC should have noticed that the financial system was in a really bad shape way before Bear Stearns and Lehman Brothers collapsed, or AIG (and others) needed a huge bailout. Apparently both the FED and SEC were all too optimistic about the market and their optimism blinded them. As always the consequences of negligent public servants were paid mostly by the average taxpayer.

5 0
3 years ago
In business continuity planning, which of the following is an advantage of a "hot site" over a "cold site":
stepan [7]

Answer:

C. Short period to become operational

Explanation:

In business continuity planning, a disaster recovery site is one that is set up to ensure the computer operations of the business does not come to a halt in case of a system emergency or disaster.

The disaster recovery site could be a <u>hot site</u>, warm site or <u>cold </u>site.

An <u>advantage of a hot site is that it can be set up quickly and as such, takes less time to become operational than a cold site</u>.

However it has a cost disadvantage as it is more expensive to set up.

3 0
3 years ago
plurality of quality issues at Toyota arose from A. the Camry. B. fires caused by drivers. C. the U.S. government actively searc
yan [13]

Answer: A. Camry

Explanation:

Toyota's quality problems in the United States were signaled with a recall in late 2009 for problems with floor mats, but they didn't end there. Since then, more than 20 million cars have been recalled

Increasingly, evidence suggests that Toyota's culture—or even the cars it produces—is not the source of the problem. A 2011 report released by the U.S. National Highway Traffic Safety Administration (NHTSA) concluded that unintended acceleration was not caused by problems in the electronic circuitry.

5 0
3 years ago
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