Answer:The answer is B
Explanation:
The ethics of a profession are the rules and regulation put in place by the professional body for the profession to guide the conduct of each professionals in the practice of their profession. The ethics of the profession also specify the punishment that will be given to any members that break the rules set for them in code of professionals practice. The pratictioners in the performance of their duties must be objective, show high level of integrity, and must not be seen to be misrepresenting the facts.
The CPA are responsible for given professional advice to their client, they also prepare the tax returns of their client and also they help their client in filing their tax return with the tax authority (IRS). In this case, since Breslin has refused to disclose a matter, Martina has to terminate the engagement and report Breslin to the IRS office of professional responsibility. So that in the event that the IRS now discovered that Breslin Baked Good has not been paying the correct tax they supposed to pay to the government, Martina would have been free of the crime, because he has reported the matter to the IRS to free himself from the blame and not to be regarded as an accomplice in the crime.
Answer:
The correct answer is option (D).
Explanation:
According to the scenario, the given data are as follows:
Money borrowed = $30,000,000
Rate of interest = 9%
Time = 2 months
So, we can calculate the balance of loan interest payable by using following formula :
Balance of loan interest = ( Money borrowed × Rate of interest × Time ) / 12
= ( $30,000,000 × 9% × 2 months ) / 12
= $450,000
Hence, the balance of loan interest payable is $450,000.
Answer:
a) under FIFO
COGS = $461
ending inventory = $120
b) under LIFO
COGS = $491
ending inventory = $90
Explanation:
inventory:
March 3 Inventory 12 units at $15
March 11 Purchase 13 units at $17
March 14 Sale 18 units
March 21 Purchase 9 units at $20
March 25 Sale 10 units
under FIFO COGS:
March 14
Dr Cost of goods sold 282
Cr Merchandise inventory 282
March 25
Dr Cost of goods sold 179
Cr Merchandise inventory 179
under LIFO COGS:
March 14
Dr Cost of goods sold 296
Cr Merchandise inventory 296
March 25
Dr Cost of goods sold 195
Cr Merchandise inventory 195
Answer: Option (a) is correct.
Explanation:
Correct option: an express warranty.
An express warranty is an agreement by the seller of a product. In this agreement, seller promises to provide the replacement of the faulty product or service but within a specified time period after it was purchased by the buyer.
In this question, seller promises buyer that each bag of cattle feed contains twenty percent of protein. So, this a express warranty.
It is called Willing Suspension of Disbelief. As indicated by the hypothesis, suspension of mistrust is a fundamental element for any sort of narrating. With any film, the watcher needs to disregard the truth that they are seeing a two-dimensional moving picture on a screen and briefly acknowledge it as reality keeping in mind the end goal to be engaged.
