Answer:
Larson did not have actual or constructive knowledge of the misstatements.
Explanation:
When a CPA conducts an audit of a firm's statements, they do not give a guarantee that all the firm's statements are accurate. Larson CPA is only giving an opinion that the books of its clients follows the generally accepted accounting practices.
They should however not knowing give opinion on statements that they know is untrue.
So the best defense for Larson Associates is that they did not have actual or constructive knowledge of the misstatements. Since they do not guarantee that all statements of the client is accurate.
Answer:
A. less than 5 times as much as your grandfather in terms of real income.
Explanation:
Nominal income is earning that does not take account of changes in price levels. Nominal income is the stated income. Real income considers the changes in inflation. Therefore, real income is nominal income after considering inflation effects.
If grandfather earned $7000 per year in 1961, and myself $35,000 in 2018, mathematically i earned five times more than him. The five times ($35,000/$7,000) is the stated amount without factoring in inflation. The difference between $35,000 and $7000 is the nominal difference because it is not adjusted for inflation. In we consider inflation, the real income is less than five times.
Answer: (D) Conceptual skill
Explanation:
The conceptual skill is one of the ability that helps in understanding and also visualize the basic idea and also relationship of an organization.
The conceptual skills helps people or the employees of the company for understating the complex situation and also helps in developing the various types of solutions.
According to the given question, the conceptual skills is one of the management skills that has ability to think the various types of abstract concepts.
Therefore, Option (D) is correct answer.
The answer is that
it is called as marketing channel or distribution channel.A marketing channel refers to the people, organizations, and
activities that are essential to switch the possession of products from the
factor of production to the factor of intake and it is the way services and a
product get to the end-user, the client and is also called as distribution
channel.
what's the question???????
