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3 years ago

On receiving a client's bank cut-off statement, an auditor most likely would trace

Business

1 answer:

aleksandrvk [35]3 years ago

5 0

Answer:

B. Prior-year checks listed in the cut-off statement to the year-end outstanding checklist.

Explanation:

Bank cutoff statement can be regarded as bank statement that is produced as of a date which is seen as date that is subsequent to the date of the balance sheet. At a point in time, this date would be the one that will give permission for most of outstanding checks to clear the bank at the year-end. Cutoff bank statement is utilized in verifying reconciling items on the bank statement which been Mailed directly to the auditor. One of the purpose of cutoff bank statements is in verification of reconciling items on the year-end bank reconciliation of clients which comes with evidence that it can't be accessible to the client. It should be noted that On receiving a client's bank cut-off statement, an auditor most likely would trace Prior-year checks listed in the cut-off statement to the year-end outstanding checklist.

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Your employer must offer (at no cost to you) a vaccine against ___________ if your job _____________.'

Scilla [17]

Answer:

hepatitis B; puts you at risk for exposure to bloodborne pathogens

Explanation:

Work practice controls involves all the steps taken in order to decrease the likelihood of getting exposed to any disease or viruses in the workplace. These steps include heath hygiene in vaccinations that are intended to protect the human resources. Hygiene management helps the employers to maintain their health during their workhours.

In jobs where the employees are exposed to the bloodborne pathogens, it is the responsibility of the employer to vaccinate the employee against hepatitis B.

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3 years ago

The total manufacturing cost variance is a.the flexible budget variance plus the time variance b.the difference between planned

Mademuasel [1]

Answer:

The correct answer to the following question will be Option C.

Explanation:

A Cost variance seems to be the gap and difference between the expected expenditures incurred as well as the projected regular expenditures at just the start of such a time frame.
Such variances have been used by administrators to assess and monitor the progress including its supply chains, expenditures as well as other activities.

⇒ Cost variance = Actual cost - Standard cost

Some other available options have no connection with the given case. So choice C seems to be the perfect solution to that.

4 0

4 years ago

The before-tax income for Culver Co. for 2017 was $101,000 and $84,100 for 2018. However, the accountant noted that the followin

valentina_108 [34]

Answer:

Corrected income before tax year 2017 = $65,690

Corrected income before tax year 2018 = $102,467

Explanation:

According to the scenario, computation of the given data are as follow:-

Particular Year 2017 ($) Year 2018 ($)

Income before tax 101,000 84,100

Corrections

1. In 2017, unearned sales -36,200

Sales added in 2018 36,200

2. In 2017, understated ending inventory 9,500

In 2018, overstated opening inventory -9,500

3. Add-wrongly charged interest expenses 13,800 13,800

Less-actual interest expenses

In 2017 ($230,000-$14,000)×7%=$216,000×7% -15,120

In 2018, bond of carrying amount

=$216,000+($15,120-$13,800)=$217,320

In 2018, Actual interest expense=($217,320×7%) -15,212

4 Add-wrongly charged depreciation expenses

In 2017=($8,100×10%) 810

In 2018,=($8,100-$810)×10%+$8,500×10% = 1,579

Less-actual expenses for repairs -8,100 -8,500

Corrected income before tax 65,690 102,467

4 0

4 years ago

Paquette purchased a building and land and immediately tore down the building how should they record the expense?

hammer [34]

Paquette purchased

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2 years ago

If the fed undertakes expansionary monetary policy, it can return the economy to its original unemployment rate but the inflatio

prohojiy [21]

TRUE, If the fed undertakes expansionary monetary policy, it can return the economy to its original unemployment rate but the inflation rate will be higher.

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Monetary policy refers to the measures taken by a country's central bank to control the money supply in order to stabilize the economy. For example, policymakers manipulate the money supply to increase employment, GDP, and price stability using instruments such as interest rates, reserves, and bonds.

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2 years ago