Answer:
A. The client installed a new security system to protect the building
Explanation:
The client is experiencing slow down in sales is an example of qualitative materiality factor as it can lead to misstatement. Sales turnover and payment, Percentage (%) of expenses to income and Percentage (%) of inventory to assets are all example of quantitative materiality factor. Whereas installation of new security system is not material which could lead to misstatement.
Answer:
Cross-collateralization
Explanation:
Cross-collateralization is used as an asset to collateral an initial loan as collateral for another loan irrespective of subject of the loan.
For example: If a person takes a loan from the same bank a car loan secured by the car, a home loan secured by the house, and so on, then these assets can be used as cross-collaterals for other loans.
Hence, the correct answer is cross-collateralization.
A corporation declares a 5% stock dividend that's payable on Thursday, October 18. If the record date is Wednesday, October 3, the ex-date for this distribution is Tuesday, october 2.
A corporation is an organization (usually a group of people or a legal entity) authorized by the State to act as a single entity and legally recognized as such for a specific purpose. Early incorporated entities were established by charter. Most jurisdictions now permit the formation of new companies by registration.
Many, but not all, companies are stock companies and vice versa. A company or other company may attempt to incorporate. As a corporation, a company exists as a separate legal entity from its owners. Above all, this means that the owner cannot be held responsible for the company's debts.
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Answer:
The first method would use prefabricated building segments, would have an initial cost of $6.5 million.