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Slav-nsk [51]
3 years ago
12

The standard unmodified audit report A. is sometimes called a clean opinion. B. can be issued only with an explanatory paragraph

. C. can be issued if only a balance sheet and income statement are included in the financial statements. D. is sometimes called a disclaimer report.
Business
1 answer:
TEA [102]3 years ago
4 0

Answer:

A. is sometimes called a clean opinion.

Explanation:

The standard unmodified audit report is the report where the auditors said the financial statement of the company are prepared by keeping all material aspects and it is complied with the accounting standards

It is also known as a clean opinion

Therefore as per the given situation, the option A is correct

hence, the same is to be considered

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The Corner Hardware has succeeded in increasing the amount of goods it sells while holding the amount of inventory on hand at a
katrin [286]

Answer:

decrease in the day's sales inventory

Explanation:

Corner Hardware has succeeded in increasing the number of goods it sells while holding the amount of inventory on hand, cost per unit, and the selling price per unit at a constant level.

This situation will be reflected in the firm's financial ratios in the form of a decrease in the day's sales inventory.

5 0
2 years ago
On January 1, 2018, Gillock Climbing Academy instituted a defined benefit pension plan for its employees. The annual service cos
Licemer1 [7]

Answer:

Pension Expense = EBE = $593440 for income statement

Explanation:

The opening balance of the Plan asset is made by the 40000 from 2018 plus interest of 32000 and the new 400000 made this year. Why include it? Because an opening balance are the funds in an account at the beginning of the year either from last year or are from current year but should be the first entry in the books of the current year.

                                                                 DBO                plan asset       EBE

opening balance                                   (600000)            832000             -

interest                                                   ( 60000)              66560            6560

current year's service cost                    (600000)                               (600000)

                                                            (  1260000 )            898560      <u> 593440</u>

 balance sheet liability = 361440

5 0
3 years ago
Read 2 more answers
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kaheart [24]

The answer will be -B-

4 0
2 years ago
If a business has both the focus and ability to maximize profits for shareholders, but also seeks after a broader mission withou
Viktor [21]

Answer:

The correct answer is (c)

Explanation:

Business Corporation is a separate business entity that is controlled by elected group members know as the board of directors. They are responsible for business activities and they usually seek for long term profits. This separate entity is controlled by shareholders. Overall, they aim for a broader mission without maximising shareholders profit. Business corporations usually reinvest dividends and profits to improve and expand.

7 0
3 years ago
Chapter 13 bankruptcy is a filing meant for people who
azamat
Bankruptcy is a filing meant for people who are unemployed. If you do not have any job or any source of income, possibility is that you always encounters bankruptcy or 0 balance. If you do not own a business but have any source of income, still you can survive.
8 0
3 years ago
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