Answer:
unrelated diversification
Explanation:
According to my research on different business strategies, I can say that based on the information provided within the question this is an example of unrelated diversification. This is a type of diversification in which a business adds completely new and unrelated product lines to their business and enter new markets. Which is what Marigold Manufacturers Inc is doing since they sell home appliances and decided to enter into the market of women's fashion apparel.
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Answer:
The correct answer is Option B.
Explanation:
The full disclosure principle is a concept that requires all necessary details relating to the notes to the financial statements are provided and explained in such a way that would be understandable to the users of the financial statements.
The disclosures are expected to be in compliance with the accounting standards, regulatory pronouncements, among others.
Answer
Associate: where a company has holdings of between 20% and 50%.
Minority Interest: where a company has holdings of less than 20%
Parent Company: where a company has holdings of more than 50%.
Explanation:
<u>An associate company </u>(or associate) is a company that owns a business beyond 20% and not more than 50%. In business valuation such a company that has invested significantly in the shares of another company will have voting rights in the board of the acquired company.
<u>Minority Interest</u> is the term used to describe the investments of one company in another company, when such investments are less than 20% of the total value of the acquired company.
<u>Parent Company</u> is a company that owns more than half (50%) of the shares or value of another company.
<span>A. An auditor can accept the uncertainties in the sampling process since they have some idea in which financial statements errors are occurring. In this case their sample is not completely random.
B. The formula AR = IR Ă— CR Ă— DR is often used to describe audit risk. Here, AR is audit risk, IR is inherent risk, CR is control risk, and DR is detection risk. Inherent risk is the risk of a report containing errors due to the complex nature of how the audited business runs. Control risk is the risk that an error may occur but may not be detected by the business itself. Detection risk is the risk that the auditor may fail to find errors that are present in the business' financial reports.
C. An auditor may only sample, or inspect a fraction of a company's financial history. This is done for practical purposes, for there may not be enough time to inspect everything, or it may be too costly. If the auditor is issuing a test of controls, in which they are scrutinizing their target's internal procedures for detecting errors, then sampling may fail to see these errors.</span>
