All categories

2 years ago

Reviewing and evaluating records used to prepare a company's financial statements is referred to as ______.

Business

1 answer:

MaRussiya [10]2 years ago

3 0

Answer:

Auditing

Explanation:

Auditing means the audits of the financial statement or the objective examination and the financial statement of the company could be evaluated. It is performed by the third party i.e. auditor. It can be performed by the internal parties and government entity like the internal revenue service

So the review and evaluation of the financial records is called as the auditing

You might be interested in

Accounts payable $ 18400 Accounts receivable 11000 Accumulated depreciation – equipment 28000 Advertising expense 20600 Cash 150

Debora [2.8K]

Answer:

$42,800

Explanation:

The computation of the net income for the year is shown below:

= Service revenue - advertising expense - depreciation expense - insurance expense - rent expense - salaries & wages expense - supplies expense

= $133,000 - $20,600 - $11,900 - $3,100 - $17,300 - $31,400 - $5,900

= $42,800

We simply deduct all the expenses from the service revenue so that the net income for the year could come

8 0

3 years ago

The economy is in a recession and the government wants to increase output. If the multiplier equals 3 and the government increas

sashaice [31]

Answer:

The answer is 750

Explanation:

When government increases its spending, this increase in spending leads to increases in income for households which cumulatively increase the national income, this effect is known as multiplier effect.

Government has increased its spending by 250 while multiplier effect is 3.

Therefore, output will increase by 750(250 x 3)

3 0

3 years ago

The Pearsons decided to beautify their home by investing in a professional interior design. In the process, they dealt with empl

Romashka [77]

There are a lot of ways to beautify the home. The people required to provide the landscaping services are considered is Inputs.

<h3>What is a landscaping person? </h3>

A landscaper is known to be a person who earns a living by working on the earth and water so that it can become more beautiful or more aesthetically pleasing.

They are often trained in landscaping as they work to improve the existing layout and as such they are known to be input as they are contributing something to the beauty of the landscape.

Learn more about designers from

brainly.com/question/435722

8 0

2 years ago

Beverley wants to sign up for time warner cable internet onlnie. she has the option to choose residential or business services.

Sindrei [870]

Choose a different server

6 0

3 years ago

If you fire Julio from his job after making one mistake but did not fire John for making the same mistake several times, you hav

ahrayia [7]

In this scenario, we have committed an error related to Procedural justice

Procedural justice refers to way of ensuring fair justice by making decisions according to fair processes to ensure fair treatment.

According to this justice rule, the same rule must be applied to similar scenario and must be impartial as well in order to ensure fair justice.

In conclusion, we have committed an error relating to procedural justice because the rule that was applied to Julio was not applied to John, therefore, there was a bias in justice.

Read more about this here

brainly.com/question/10925598

5 0

3 years ago