Answer:
Explanation:
1. Significant financial statement accounts are materially affected, either directly through entries in the general ledger, or indirectly through the creation of rights or obligations that may or may not be recorded in the general ledger by major class of transaction.
2. The auditors should design procedures to provide a high level of assurance that the controls related to each relevant assertion are operating effective.
3. A significant deficiency is a control deficiency that is less severe than a material weakness yet important enough to merit attentions by those responsible for oversight of the company's financial reporting.
4. To express the internal control opinion, the auditors should obtain sufficient evidence on the effectiveness of controls at the as of date.
5. Ineffective audit committee oversight of management is regarded as at least a significant deficiency
Answer:
The total dollar return per share is 11% or $3.7
Explanation:
Total dollar return = (Selling price- buying price + total dividend)/buying price.
The buying price is 32.50
The selling price= 34.60
The total dividends are 0.4*4=1.6 because in 1 year there will be 4 quarterly dividends.
Now we input these numbers in a formula
(34.60-32.50+1.6)/32.50=0.11
= 11%
In dollar terms the return is
34.60-32.50+1.6=3.7
Answer:
1. To match your bank register with your bank statement; 2. the Deposit to account is Undeposited Funds
Answer:
Materials 187,230
Conversion 182,200
Explanation:
FIFO method, from the started units we will add the reamining work onthe beginning WIP invnetory and subtract the undone part of the ending WIP inventory
Materials
Started units 176,000
October 1st 27,000 x (1 - 57%) = 11,610
October 31th 20,000 x (1-81%) = (380)
Equivalent Units 187,230
Conversion
Started units 176,000
October 1st 27,000 x (1 - 33%) = 18,000
October 31th 20,000 x (1-41%) = (11,800)
Equivalent Units 182,200
