Answer:
c. auditors and financial statement users.
Explanation:
This is because, the auditors and the financial statement users tends to have different views on what their responsibilities are. Since their views differs, their tend to be a gap which occurs. <em>This gap is called audit expectation gap. This could be minimized through self regulating auditing of the financial statement before the final auditing by auditors.</em>
Answer: $1,175,000
Explanation:
Cost of ending inventory December 31, 2021;
= December 2019 ending inventory + {(Inventory at 2021 price/2021 index * 2019 index) - December 2019 ending inventory} * 2021 index / 2019 index
= 1,100,000 + {(1,450,000/125 * 100) - 1,100,000} * 125/100
= 1,100,000 + 75,000
= $1,175,000
business models statement come up with strategies for the company such as branding, pricing and looking for potential partners & business concept is simply coming up with a unique selling proposition that helps the company stand out above the rest.