The audit working paper that reflects the major components of an amount reported in the financial statement is the Lead Schedule.
<h3>What is the Lead Schedule?</h3>
- A working document known as a lead schedule lists the specific general ledger accounts that make up a line item in the financial statements.
- The sum for the related line item in a client's financial statements should match the number on the lead schedule.
- The general ledger (GL) accounts that are present in each financial statement line item and note disclosure are listed in a lead schedule.
- Each line item or group of related line items on the financial statement would typically have its lead schedule. The final balance in the financial statements and the sum on the lead schedule should match.
- The lead schedule gives a list of the contents of each line item. This is a useful starting place for your records.
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Answer:
Technically yes
Explanation:
if you think about it marketing strategy and competitive position are the same thing bc lower and higher are in common
Answer: Corporate charter
Explanation:
The corporate charter is also referred to as the articles of incorporation. It is a document that contains the major components that make up a company, like the objectives of the company, the structure of the company, the number of shares the company has for sale and the planned operations of the company.
When a corporate charter is approved by the state, then the company will become a legal corporation. The corporate charter also contains the names of the people that are involved in its formation.
Answer:
The answer is below
Explanation:
i) The price elasticity of demand is given by the formula:
Since the price elasticity of demand is greater than 1 hence it is elastic
ii) Since the price elasticity of demand is elastic as a result of increase in fare, hence the total revenue would decrease.
iii)
Since the price elasticity of demand is greater than 1 hence it is elastic
Answer:
The correct answer is option A.
Explanation:
In the process of production, several inputs are used to create outputs. These inputs may or may not be varied in the short run. Those inputs that can be varied are called variable inputs, for instance, labor.
Those inputs that cannot be varied in the short run are called fixed inputs. For instance, capital, machinery, etc.
The cost incurred on variable inputs is called a variable cost. This cost changes with the change in the quantity of output produced. The quantity of output varies with the quantity of input employed and so does variable cost.
