1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Hatshy [7]
2 years ago
6

An investor found the following in an annual report: "The financial statements, in our opinion, present fairly the financial pos

ition, operating results, and cash flows, in conformity with accounting principles generally accepted in the United States." In which section of the annual report did the investor find this?
Business
1 answer:
Flura [38]2 years ago
8 0

Answer:

Report of the Independent Accountants

Explanation:

From the question we are informed about An investor who found the following in an annual report: "The financial statements, in our opinion, present fairly the financial position, operating results, and cash flows, in conformity with accounting principles generally accepted in the United States." The section which the annual report was fond by the investor is Report of the Independent Accountants. Independent Accountant's Report can be regarded as a report that encompass broad spectrum of work that has been carried out through an accountant of an independent firms. And this is usually carried for

charitable as well as commercial organisations in public as well as private sector.

You might be interested in
Please help! How do you do a SWOT Analysis on a product idea?
Lemur [1.5K]

Answer:

Use the following 8 steps to conduct a SWOT analysis.

Decide on the objective of your SWOT analysis. ...

Research your business, industry and market. ...

List your business's strengths. ...

List your business's weaknesses. ...

List potential opportunities for your business. ...

List potential threats to your business.

4 0
3 years ago
A supplier offers a company terms 3/10, n/30 for a $10,000 purchase on account on January 1. The company uses a perpetual invent
Sedbober [7]

Answer:

The entry to record the payment:

Debit Accounts Payable $10,000

Credit Purchase discount $300

Credit Cash $9,700

Explanation:

Credit terms of 3/10, n/30 means that 3% discount for the payment within 10 days and the full amount to be paid within 30 days.

On January 1, the company purchase inventory:

Debit Inventory $10,000

Credit Accounts Payable $10,000

The company makes the payment on January 10 and takes the appropriate discount:

3% x $10,000 = $300

The entry to record the payment:

Debit Accounts Payable $10,000

Credit Purchase discount $300

Credit Cash $9,700

8 0
3 years ago
about 13 to 16 guests of true or false every 100 are purposefully out to scam us and get something for free
galina1969 [7]

Answer:

false

Explanation:

FAU

3 0
3 years ago
. An agency issue is most apt to develop when: a firm encounters a period of stagnant growth. a firm downsizes. the control of a
Juli2301 [7.4K]

Answer:

The answer are,

1.the control of a firm is separated from the firm's ownership.

The agency problem arises when the management and administration is seperated from the ownership and that the managers have an conflict of interest with the owners of the company.

2. market value of the firm.

Financial management's primary aim is to give an competitive advantage to the firm by increasing its value. This involves utilising different strategies and techniques in financing, borrowing, debt management, etc.

Explanation:

8 0
2 years ago
D.L Marx and​ Company, a manufacturer of quality handmade walnut​ bowls, has had a steady growth in sales for the past 5 years.​
Alja [10]

Answer:

The projected net income for 2017 is $87,780

Explanation:

Total sales for 2017 = $28.00 x 21,500 = $602,000

Total variable cost per bowl is $12.60

Total variable cost for 2017 = $12.60 x 21,500 = $270,900

Income before tax = Total sales - Total variable cost - Total fixed costs = $602,000 - $270,900 - $184,800 = $146,300

Tax = Income before tax x Income tax rate = $146,300 x 40% = $58,520

The projected net income for 2017 = Income before tax- Tax = $146,300 - $58,520 = $87,780

4 0
3 years ago
Other questions:
  • Could delta implement self-tagging, whereby passengers put destination tags on their own bags, and would that help the baggage p
    12·1 answer
  • Agent Armstrong is employed by XYZ Agency, which is under contract with ABC Health Plan, a Medicare Advantage (MA) plan that off
    11·1 answer
  • A production department's output for the most recent month consisted of 8,000 units completed and transferred to the next stage
    5·1 answer
  • Mr. Hamid is running his small retail business under the name of Hamid Store. He has recently hired Mr. Imran as a junior accoun
    5·1 answer
  • A market that has many sellers, has standardized products and is easy to enter and exit is an example of which type of market st
    5·2 answers
  • Sugar and Spice Foods is famous for its cupcakes. One of the main ingredients of the cupcakes is sugar, which Sugar and Spice pu
    11·1 answer
  • The following data is available for Box Corporation: Common stock, par $10 (authorized 30,000 shares) $250,000 Treasury stock (a
    5·1 answer
  • Harriet Kirby, a fund raising manager at a women's rights organization, experienced a bad incident last year with the public rel
    11·1 answer
  • Blossom Leasing Company agrees to lease equipment to Blue Corporation on January 1, 2020. The following information relates to t
    9·1 answer
  • Who creates and influence the culture of an organization
    14·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!