A financial statement audit is the examination of an entity's financial information and accompanying exposures by a liberated auditor.
<h3>What is the main objective of the audit of financial statements?</h3>
The purpose of an audit of financial statements is to enable the auditor to communicate an opinion on whether the financial statements are prepared, in all material respects, by an applicable monetary reporting framework.
External auditors are accountable for auditing the company's financial statements and delivering reasonable assurance that they are presented fairly and following GAAP and that they recollect a true representation of the company's financial position and end of operations.
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Answer:
lower national consumption, higher national saving;
D, investment will be crowded out.
Explanation:
If the Federal government is to purchase goods and services and taxes are to be used to finance the purchase, this can economically mean that the government will have to save more of the taxes collected and reduce how much it spends. This will mean that the government is not going to borrow funds to finance the purchase which is another option.
On the other hand, if the government was running at full employment and then increases its borrowing, it means that one or more sectors of the market economy will be affected due to the government's increased interference in another sector as it tries to raise funds for the purchase of goods and services. This also means that private investments will thin out to the barest minimum.
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Answer:
<u>Per additional unit of kystal burger</u>
Explanation:
Remember marginal utility is the additional satisfaction derived from consuming more of a product. A rational person (intelligent) may be defined as someone who uses clear thought and reasoning to make decisions.
However, there's a law called the law of diminishing marginal utility which states that at a particular point, Jack's marginal utility from additional consumption of Krystal burger will begin to decrease.
Event by event so you know the schedule