On one hand it does, but on the other, it doesn't.
If you look at the movie from a historical perspective, we can see what people might have behaved like in the actual event when Titanic sank. The movie portrays their thoughts, emotions, and behaviors during that horrible night, so if you think about it that way, I guess we can understand the event more. On the other hand though, the movie included a love story which is not really relevant to what actually happened in history, so it doesn't really help the viewer think about history much.
Answer:
Stock is valued at lower of : cost or market price [prudence principle]
Explanation :
Prudence or Conservatism is an accounting principle : anticipating for all possible losses & expenditures, not anticipating for possible profits & gains. This makes business better prepared to face all contingent expenditures/ losses.
This concept's implication is that : Stock or Inventory is valued at the value whichever is lesser between 'cost of inventory' & sale price. This makes inventory valuation as per the above explained Prudence/ Conservatism principle.
Answer:
Option "A" is correct. Expected amount of misstatements
Explanation:
Answer: Compliance review
Explanation: A compliance review can be defined as an audit done with the objective to assess whether the company is following the regulatory guidelines. In such a review the auditor tries to determine if the items that being examined complies with the set standards.
In the given case, Drew is writing the report to spread the information that they are following all the guidelines related to safety and quality.
Thus, from the above we can conclude that the correct option is C.
Answer:
d) Installment sales contract
Explanation:
A contract is described as an agreement between two or more parties commits to undertakes specific obligations. In a sale contract, the buyer and seller agree to the exchange or foods or services for a consideration called price.
An installment sale contract is an agreement that allows the buyer to make payment for the goods or services over time. Once an agreement has bee reached, the buyer takes possession of products and is free to use them. The buyer makes regular payments for the goods (installments) and will claim ownership upon completing payments. An installment sale contract is a form of credit sale.
