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
lubasha [3.4K]
3 years ago
10

If the financial statements include an income statement and a balance sheet but exclude the statement of cash flows, the auditor

s Group of answer choices should issue a qualified opinion because the missing statement of cash flows constitutes a scope limitation. can issue an unqualified report. should issue a qualified opinion due to the departure from GAAP. should include the statement of cash flows, modify the report, and issue an unqualified opinion.
Business
1 answer:
USPshnik [31]3 years ago
3 0

Answer:

The auditor should issue a qualified report for the departure from generally accepted accounting principles.

Explanation:

A qualified opinion can be understood as the statement given by an auditor in conjunction with a corporation's audited financial statements in an auditor's report. It was an auditor's judgement that implies a firm's earnings reporting was restricted in scope or that there was a substantial fault with the implementation of generally accepted accounting standards (GAAP)—but hardly one that was widespread.

You might be interested in
More businesses and organizations, such as Amazon, Uber, MTA, an airline industry, professional sport organizations such as MLB
irina1246 [14]

Answer: d. Dynamic pricing strategy

Explanation:

The companies mentioned above are increasingly turning towards Dynamic pricing in order to maximize sales and therefore increase profitability.

Dynamic pricing refers to a strategy where goods are priced at the optimal price based on the conditions at the time. In other words, it involves trying to sell at a price that is cheapest for the customer based on factors such as consumer willingness to pay, competition and others.

Prices can therefore change multiple times in as little a period as a day just to ensure that customers buy the goods being offered.

8 0
3 years ago
Defining Work
sasho [114]

Answer:

Defining Work  Practice Active  While Rosa is taking classes at the local community college to earn her degree in landscaping, she works part-time as a florist's  assistant. This part-time work is an example of  a job

Explanation:

A part-time work taken by Rosa while in school is more or less like a job rather than a career as it is not in line with her course of study in school.

4 0
3 years ago
Suppose that, in year 1, an economy produces 100 golf balls that sell for $3 each and 75 pizzas that sell for $8 each. The next
blsea [12.9K]

Answer:

The growth rate in nominal GDP is 19.72%

Explanation:

Nominal GDP is the value of goods and services produced in an economy in a particular year and it is not adjusted for inflation.

Nominal GDP Year 1 = 100 * 3 + 75 * 8 = $900

Nominal GDP Year 2 = 110 * 3.25 + 80 * 9 = $1077.5

The growth rate in nominal GDP can be calculated by using the following formula,

Growth rate = (Nominal GDP Year 2 - Nominal GDP Year 1) / Nominal GDP Year 1

Growth rate in GDP = (1077.5 - 900) / 900  =  0.1972 or 19.72%

8 0
3 years ago
RISRS and Rewards of Information Systems: Mastery Test
jeka57 [31]

Answer:

A. giving proper training

Explanation:

A common issue in IT and change management is that employees create a barrier to change (implementing a new information system). Of course, everyone prefers to stay in their comfort zone, but most of the times it is essential to adopt changes effectively. so that the whole organization can progress.

Giving proper training is the answer, as their lack of confidence mainly originates from their own lack of confidence regarding the software know-how. When their self-esteem regarding the IS raises, they stop seeing it as a threat to their comfort zone and start seeing it as a tool that aids their work, the user confidence will increase.

Other answers are related to technical things that do not improve user confidence.

7 0
3 years ago
Read 2 more answers
Suppose you bought a bond with an annual coupon of 7 percent one year ago for $1,010. The bond sells for $985 today. a. Assuming
butalik [34]

Answer:

(a) $45

(b) 4.45%

(c) 1.41%

Explanation:

a) Dollar return:

= Selling Price - Buying Price + Coupon

= $985 - $1,010 + $70

= $45

b) Rate of return:

= Dollar return ÷ Buy price

= 45 ÷ 1,010

= 4.45%

c) Based on Fisher relation,

(1 + Nominal rate) = (1 + Real rate) × (1 + Inflation)

(1 + 4.45%) = (1 + Real rate) × (1 + 3%)

Therefore,

Real rate = 1.41%

7 0
3 years ago
Other questions:
  • Which common database challenge is illustrated by a person receiving multiple copies of an l.l. bean catalog, each addressed to
    9·1 answer
  • Which two careers would have a stage as a workplace? A/V technology and the performing arts the visual arts and telecommunicatio
    11·2 answers
  • The manager of your company's pension fund is compensated based entirely on fund performance; he earned over $1.2 million last y
    7·1 answer
  • In the News article titled "Perpetuating Poverty: Lotteries Prey on the Poor" reports that poor people spend a larger percentage
    11·1 answer
  • Assume that an investor buys 250 shares of stock at $ 36.55 per​ share, putting up a 46 % margin. a. What is the value of the​ p
    15·1 answer
  • When purchasing goods from​ Amazon, which of the following terms refers to the process of creating an​ account, adding items to
    13·1 answer
  • Why did Industry expand across the bay to Oakland, Pittsburgh and Contra Costa county rather than further south toward San Mateo
    12·1 answer
  • When the market value of an investment in debt securities in which the company has a positive intent and ability to hold to matu
    12·1 answer
  • Consider the following statements, and indicate which variable is an independent variable and which variable is a dependent vari
    7·1 answer
  • Visit any retail store in your community and request a 20 minutes appointment to interview the owner or manager so that you can
    8·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!