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lianna [129]
3 years ago
12

When auditing the existence assertion for an asset, auditors proceed from the: Multiple Choice General ledger back to the suppor

ting original transaction documents. Financial statement amounts back to the potentially unrecorded items. Potentially unrecorded items forward to the financial statement amounts. Supporting original transaction documents to the general ledger.
Business
1 answer:
Law Incorporation [45]3 years ago
6 0

Answer:

General ledger back to the supporting original transaction documents

Explanation:

In the case when auditing is done with the assertion of an asset i.e. existed so here the auditor would proceed from general ledger and back to the real documents i.e. supported to the business transactions

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

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What is the present value of a four-year annuity of $100 per year that makes its first payment 2 years from today if the discoun
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Answer:

= $356.85

Explanation:

Here's the complete question :

What is the present value of a four-year annuity of $100 per year that makes its first payment 2 years from today if the discount rate is 9%

Present value is the sum of discounted cash flows.

Present value can be calculated using a financial calculator

Cash flow each year in year 0 and 1 = 0

Cash flow each year from year 2 to 6 = $100

I = 9%

PV = $356.85

To find the PV using a financial calacutor:

1. Input the cash flow values by pressing the CF button. After inputting the value, press enter and the arrow facing a downward direction.

2. After inputting all the cash flows, press the NPV button, input the value for I, press enter and the arrow facing a downward direction.

3. Press compute

I hope my answer helps you

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Can you breifly explain why stockholders' investment and revenues increase stockholders' equity, while dividends and expenses de
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Another way to think of it is: what contributes to the company's profit and/or value, and what decreases these things? Well, revenues and people investing in the company are good (and therefore good for stockholders), and giving cash out and paying expenses are costs to the company (and therefore decrease value for stockholders).
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Question 2 of 20
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