Answer:
Petty cash is debited for $100
Explanation:
Petty cash is a small amount of fund which is kept in the business for day to day expenses. Cash is issued from this fund for daily small expense which is not appropriate to withdraw from the bank by check.
Journal Entry will be as follow
Dr. Petty cash $100
Cr. Cash $100
Cash is transferred from cash account to petty cash account, both of these are asst account and have a debit balance. Tot increase the petty cash account balance it is debited and to decrease the cash account balance it is credited.
Answer:
The expected return from a portfolio consisting of 25% of stock A and 75% of stock B is 18.5%
Explanation:
Return on portfolio=Return of security A *Weight of security A+Return of security B *Weight of security B
Return of security A=14%
Return of security B=20%
Weight of security A=25%
Weight of security B=75%
Return on portfolio = 14
%
∗ 25
/100 + 20% ∗ 75
/100
Return on portfolio = <u>18.5
%</u>
The CPA or Certified Public Accountant's report should <u>state that the CPA performed procedures to evaluate management assumptions</u> when they examine a client's projected financial statements.
CPAs are public accountants who are licensed to practice their profession publicly and must always comply with the government's taxation practices and provisions of Statements on Standards for Accounting and Review Services.
Take note, CPA report doesn't refer to the their auditor's report on the historical financial statements. The report cannot also explain the principal differences between the historical statements and the projected financial statements.
Additionally, a CPA's report must not include the their opinion on the client's ability to continue as a going concern.
Curious about Code of Ethics for CPAs? Read here: brainly.com/question/28198157
#SPJ4
Answer: B) The process by which(...) own individual judgement.
Explanation: The psychologist Irving Janis in 1972 described it as "a way of thinking that people adopt when they are deeply involved in a cohesive group, when the efforts of the members unanimously ignore their motivation to realistically assess alternative courses of action".
There are many impact that could happen when doing this, some good some bad. The bad ones being that you could possibly lose credits that you have already earned, and you have to adjust to new atmosphere and new people. The good impact of this sis that you may be able to learn in a new way that could possibly be easier to understand for you.
