<span>GDP = C + I + G + NX = $5.5 trillion + $1 trillion + $1.5 trillion + $.75 trillion - $1.25 trillion = $7.5 trillion
Business is hard T^T</span>
Answer:
a. An audit adjustment is needed since the best case scenario, where the net realizable value is highest would result in $92,000 - $5,000 = $87,000.
b. the value of inventory must decerase by $99,000 - $87,000 = $12,000, so COGS must increase by that amount:
Dr Cost of goods sold 12,000
Cr Merchandise inventory 12,000
Answer:
Price ceiling
Explanation:
The price ceiling means the maximum price that is charged by the supplier to the consumer. If is not affected so it is above equilibrium price and in case when it is below than the demand is greater than the supply.
So in the given question, it is mentioned that the prices of food are set low that are sufficient to meet the requirement represent the price ceiling example
Answer:
<em>Documentary evidence </em>
Explanation:
<em>CFAs resolve fraud allegations by taking statements, obtaining evidences and writing reports, testifying crimes and by assisting in the detection and prevention of white collar crimes. </em>
Any evidence that can be used at a trial as documents are called documentary evidence, it generally means the wrings on paper such as a will, contract or invoice. Tape recordings, photographs printed documents, emails and spreadsheets can also be considered documentary evidence. Although authenticity of genuine evidence needs to be proved
If a document is produced for other purpose instead of the examination of the contents of the document it is not considered to be a documentary evidence.
e.g if a letter is produced during the trial to prove that the author of letter was shot by the defendant then it would be considered as documentary evidence but a film of the incident or a written description of this incident by an eye witness would be considered as documentary evidence.
Answer and Explanation:
The preparation of the plant assets is shown below:-
Plant Assets
Partial Balance Sheet
December 31, 2013
Land $4,897,200
Buildings $26,630,000
Less : Accumulated Depreciation $13,904,550 $12,725,450
Equipment $46,406,800
Less : Accumulated Depreciation $9,182,250 $37,224,550
Total Plant Assets $54,847,200
Note:- Here, Building Details for 2023 are not provided, it will be included in the accumulated depreciation above if available
