GAAS helps to ensure that an auditor's actions and reports are accurate, consistent, and verifiable. GAAS is divided into three sections: general standards, fieldwork, and reporting.
What role do the generally accepted auditing standards GAAS play in the audit function?An independent auditor plan executes, and reports on audit results in accordance with auditing standards (GAAS). Auditing standards define audit quality and audit objectives.
To perform the audit, the auditor must have sufficient technical training and proficiency. The auditor must maintain mental independence in all audit-related matters.
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Answer:
1.) the auditor did not know the representation was untrue.
2.) the third party did not suffer any damages.
3.) the third party did not rely on the representation.
Explanation:
first financial auto loan department wishes to know the payment required at the first of each month on a $10,500, 48-month, 11% auto loan. to determine this amount, first financial would:
To determine the monthly payment required at the first of each month on a $10,500, 48-month, 11% auto loan, First Financial would use a loan amortization schedule or a loan calculator. These tools take into account the loan amount, loan term, and interest rate to calculate the monthly payment amount. The monthly payment would include both the principal amount and the interest accrued.
To calculate the monthly payment required at the beginning of each month for a $10,500 auto loan with a 48-month term and an 11% interest rate, First Financial would utilize a loan amortization schedule or a loan calculator. These tools consider the loan amount, duration, and interest rate to determine the monthly payment amount. The monthly payment includes both the principal amount borrowed and the interest accrued over time.
By inputting these details into the loan calculator or referring to the amortization schedule, First Financial can accurately determine the fixed payment that the borrower needs to make at the start of each month to repay the loan within the specified timeframe.
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the principle of need establishes a link between conduct annd consequence
The principle of need is a fundamental concept in legal and ethical frameworks that seeks to ensure that resources are distributed fairly and equitably.
This principle establishes a link between conduct and consequence, as it dictates that resources should be allocated based on an individual's need, rather than their ability to pay or other arbitrary factors. This means that those who require assistance or support the most should be given priority in the distribution of resources.
By emphasizing the importance of need, this principle helps ensure that resources are allocated more fairly and that those who are most vulnerable are given the support they need to thrive.
Question is incomplete the complete question is
What is the principle of need establishes a link between conduct and consequence?
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When consolidating a subsidiary that was acquired on a date OTHER THAN THE FIRST DAY OF THE FISCAL YEAR, which of the following statements is correct in the presentation of consolidated financial statements?
A. Preacquisition earnings are excluded from the parent's consolidated statements.
B. Preacquisition earnings are shown as an addition to consolidated revenues and expenses
C. Preacquisition earnings are shown as a deduction from the beginning
D.Preacquisition earnings are shown as a deduction from consolidated revenues and expenses.
Explain your answer in the space provided below for full credit
When consolidating a subsidiary that was acquired on a date other than the first day of the fiscal year, the correct statement regarding the presentation of consolidated financial statements is that pre-acquisition earnings are excluded from the parent's consolidated statements (Option A).
Consolidation is the process of merging financial data from two or more firms into one set of financial statements. It is the procedure of combining the financial statements of a parent company and its subsidiary businesses into a single set of financial statements.
A parent company is a corporation that has control over one or more other businesses. A subsidiary is a business in which another firm holds a controlling stake. There are different techniques for preparing consolidated financial statements, and the appropriate technique depends on the nature of the companies that have been consolidated.
A parent corporation can acquire a controlling interest in a subsidiary at any point in the subsidiary's fiscal year. However, the issue of how to deal with the subsidiary's pre-acquisition income arises when the subsidiary's fiscal year differs from that of the parent firm. Pre-acquisition income is any income or loss generated by the subsidiary before it was acquired by the parent corporation.
When a subsidiary is consolidated and has a fiscal year that differs from the parent corporation's fiscal year, the issue of pre-acquisition income arises. Since this income is not under the parent company's control, it is excluded from the parent company's consolidated financial statements. Therefore, option A: Pre-acquisition earnings are excluded from the parent's consolidated statements is correct in the presentation of consolidated financial statements.
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If you find math easy to understand, you probably have a(n) _____ related to math concepts
If you find math easy to understand, you probably have a(n) aptitude (c) related to math concepts.
An individual's innate talents and skills for studying or doing particular tasks in many fields are known as aptitudes. An aptitude may be, for instance, the capacity to sing well. Most people possess a variety of related skills, such as the ability to sing, read music, and play an instrument. Due to the fact that aptitude is a natural talent, it differs from skill. It comes naturally and with ease.
It comes naturally to you. Aptitude cannot actually be improved precisely, unlike a skill that can be practiced or information that can be learned. While IQ tests measure overall intelligence, aptitude tests measure intelligence in more specialized domains including mental stamina, linguistic ability, and mathematical aptitude.
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If you find math easy to understand, you probably have a(n) _____ related to math concepts.
-interest
-career
-aptitude
-none of the above
The Berlin airlift operation, nicknamed "Operation Vittles," provided food, fuel, and basic supplies for Allied forces stationed in Berlin during World War II.
True
False
Answer:
False.
Explanation:
After the end of World War II, Germany was separated into four sectors, according to the nations controlling it. The nation was divided into four parts- Soviet, American, British, and French-controlled zones. This division was further taken in the case of Berlin, the capital city, dividing it among the four nations.
And the Soviets, in an attempt to drive the other three nations away from the capital city, blocked all forms of road access. The plan was to stop any flow of resources and necessities and it will result in France, Britain, and America abandoning their sections of Berlin.
But, taking advantage of the free airspace, the three nations began using their aircraft to drop basic supplies to the people living in their parts of Berlin. This operation was codenamed "Operation Vittles".
Thus, the correct answer is false. For, the airlift operation was to provide the basic necessities to the people, not the Allied forces station in Berlin.
one way to segment a market is according to whether the purchaser is a consumer or a business-to-business user.
The statement one way to segment a market is according to whether the purchaser is a consumer or a business-to-business user is True.
What is market segmentation?Market segmentation can be defined as the way of separating the market into different segment or group. Example of market segmentation is putting customers that share similar or the same features into the same group
The statement is true because a company can tend to divide a market based on whether a person is a consumer on a business user.
Therefore the statement is true.
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The complete question is :
one way to segment a market is according to whether the purchaser is a consumer or a business-to-business user. True/False
a service provided by -e-government that requires access to the Internet is _____.
A. RFID tags
B. E-tax returns
C. Radio programming
D. CCTV (Closed circuit TV)
Answer:
B. E-tax returns
Explanation:
E-tax returns is the electronic filing of tax returns via the internet. It entails online submission of pre-approved tax return forms available on the tax authority's website.
In recent years, governments have put measures to facilitate e-returns. It has simplified the process making it popular among taxpayers. Electronic tax filing has have contributed to having a high number of citizens registering as taxpayers.
What are the main regulators?
A bank or other financial institution's primary supervisory body is called a primary regulator. Primary regulators are typically the same state or federal agency that issued the financial institution's charter.
Which three major regulatory agencies are there?The Federal Reserve System the Office of the Comptroller of the Currency (OCC).The FDICWhat kinds of people act as regulators?Regulators are frequently referred to as animals with warm blood. Mammals and birds are two examples from this category. They work on temperatures through heat production and metabolic processes to keep their bodies at the same temperature.
Who are the primary financial system regulators?Insurance Regulatory and Development Authority of India (IRDAI), Reserve Bank of India (RBI), Securities and Exchange Board of India (SEBI), Insolvency and Bankruptcy Board of India (IBBI).
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what is a form in computer?
In a database context, a form is a window or screen that contains numerous fields, or spaces to enter data. Each field holds a field label so that any user who views the form gets an idea of its contents. A form is more user friendly than generating queries to create tables and insert data into fields.
What is the first step of the business impact assessment process?
A) Identification of priorities
B) Likelihood assessment
C) Risk identification
D) Resource prioritization
Answer:
The Answer is D
Explanation:
It is D because you will have to organize your tasks before you do anything else.
How does the outlook for this job influence decision to pursue it? Does the education required for this match your plans for high school?
The outlook for this job influence decision to pursue it Looking at process outlook whilst choosing a brand-new function to pursue is an crucial thing to making sure process security. The better the process outlook for that function, the much more likely you're to each locate and maintain a process in that field.
The education required for this match your plans for high school Having a plan in place in which college students can maintain music of those non-public learnings can assist similarly their very own development. For instance, they could file what mastering fashion pleasant fits them. For excessive college college students, this piece of records may be very beneficial in relation to deciding on a college.
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What is the primary duty of a public relations specialist?
A. To create advertising concepts
B. To deliver marketing messages
C. To communicate business activities with the press
D. To oversee graphic design tasks
Answer:
B. To deliver marketing messages
Explanation:
A public relation specialist is a professional who portrays goods and services in a good light/form to the public. This helps to create awareness and encourages the general public to buy such products.
Public relation specialist ensures that the company has a good relationship between the stakeholders, staffs and the general public thereby avoiding any type of clash.
According to the environment industry organization for model cell 2 represents which of these environments
It should be noted that in the environment industry organization model, cell 2 simply means B. Complex stable environment.
The business or industry environment simply means the environment where an organization operates. It includes the customers, partners, suppliers, etc.
In the environment industry organization model, cell 2 simply means the complex stable environment.
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or placing trade restrictions on other countries to shield domestic industries from
competition, takes many forms.
are taxes imposed on imported goods and services.
place limits on the amount of a good that can be imported from a particular country.
Early in the twentieth century, the United States imposed
Y agricultural
goods. While this measure protected US farmers, it caused European governments to impose
tariffs
on US products. Heavy tariffs on imports led to a drastic decline in international trade, which further weakened the
global economy and aggravated the Depression.
Today, some US workers believe the government should
protectionism to protect their industries from
foreign competition and prevent job
in the United States. This thought is shared by
some business owners as well.
Answer: protectionism, tariffs, quotas, tariffs, European,
retaliatory, increase, cheaper, losses
Explanation: Plato / Edmentum
What does a good credit history do for consumers?
A. It helps them reduce their housing costs.
B. It allows them to get debit cards,
C. It makes it easier for them to get loans.
D. It keeps prices low.
SUBMIT
Answer:
C. It makes it easier for them to get loans.
Explanation:
Credit history shows how reliable a borrower is in repaying loans. A good credit history indicates that a person pays their debts on time. A customer with a good credit history manages their income and debts properly and is considered a low-risk borrower.
Lenders are always willing to offer credit facilities to customers with a good credit history. They view them as less likely to default on their debts.
mom???????????????????????
mom ??????????????????????
Answer:
Go back to bed sweetie, here some fruit snacks now go to sleep.There are no monsters under your bed honey.
Explanation:
Have a great day.
paving a new parking lot would be classified as a.ordinary maintenance and repairs b.asset improvements c.extraordinary repairs d.none of these choices
Paving a new parking lot would be classified as b. asset improvements.
What is an improvement to a capital asset?A capital improvement is the addition of a long-term structural modification or the restoration of a particular aspect of a piece of property that will either raise the overall worth of the property, extend its usable life, or enable it to be used for new purposes. The improvement must be anticipated to last for at least a year in order to qualify as a fixed asset. The improvement needs to fit into one of the following groups: It increases the asset's lifespan. It raises the asset's overall value. It modifies the fixed asset to allow for new uses.
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The normal balance side of any revenue account is the
Answer:
The answer is the debit side
in order to assess the performance of their firms and their supply chains, what do managers need to do to determine the needs of those customers?
a. Look at each segment of the markets they serve
b. Help identify new customer requirements
c. Rely on traditional performance measures
d. Collaborate in pricing of products
The correct option to the given question about assess the performance of their supply chains is option a) . Take a look at each market category they serve.
A corporation can generally use one of six major models to direct its supply chain management procedures.
The continuous flow model, one of the more established supply chain strategies, works best for developed sectors. The continuous flow model assumes that a producer will consistently produce the same good and that customer demand will be relatively stable. Agile Strategy: This model works best for businesses that provide products that customers order or have unexpected demand. This model places a premium on adaptability because a business must be ready to change course at any time in the event of a specific requirement.
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which of the following is the primary reason why companies outsource? group of answer choices tap outside sources of expertise concentrate resources on core business reduce headcount and related expenses better manage the costs of internal processes
The primary reason for companies outsource is it reduces and control costs of operation which means tap outside source of expertise.
What are the importance of outsourcing?Companies frequently outsource to reduce costs, improve efficiencies, and increase speed. Companies that choose to outsource rely on the expertise of third-party providers in performing the outsourced tasks to reap these benefits.Improve the organization's focus. Make inner resources available for new uses. Improve the efficiency of some time-consuming functions for which the company may lack resources.One of the primary reasons why businesses choose to outsource manufacturing processes is to save money. Labor is frequently one of the most expensive costs for any manufacturing company. Outsourcing parts of the production line to a third party reduces production costs significantly.Outsourcing is becoming more common as businesses realize that it can result in lower staffing levels, lower costs, and greater flexibility for a company.To learn more about outsourcing refer to :
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Help me!
Give few examples of resources that are at the risk of depletion.
Answer:
There are several types of resource depletion, the most known being: Aquifer depletion, deforestation, mining for fossil fuels and minerals, pollution or contamination of resources, slash-and-burn agricultural practices, Soil erosion, and overconsumption, excessive or unnecessary use of resources.
Aquifer depletion, deforestation, mining for fossil fuels and minerals, pollution or contamination of resources, slash-and-burn farming methods, soil erosion, and overconsumption, excessive or unneeded use of resources are some of the more well-known examples of resource depletion.
What natural resources are at risk of depletion?Minerals, oil, water, and forests are the resources that are most at risk of being exhausted. The primary driver of deforestation is agriculture, and as food prices rise, more land is being destroyed for crops. Deforestation is a major cause of carbon dioxide emissions, which contribute to global warming.
As of now, there are more than 7 billion people living on Earth, which has resulted in a significant strain on the natural resources that our planet provides due to the ever-increasing demand for these resources. Resource depletion is the correct word to use when the pace of resource use exceeds the rate of resource replenishment. Resource depletion is not a particularly fancy or difficult phrase, but it has been the focus of much research for some time.
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What is a closed economy give an example?
The Economist defines a closed economy as: "An economy that does not engage in foreign trade; the opposite of an open economy.
What does closed economy mean?An economy that is "closed" does not engage in international trade, which means it does not import or export products and services to or from other nations. All commodities and services are generated inside the confines of a single economy in this scenario.How many countries are closed economy?Currently, no nation has a closed economy in reality. Brazil has the least amount of products imported when compared to other nations, making it the economy that is most similar to a closed one. The domestic barrier cannot, however, satiate all of the wants for products and services.The Economist defines a closed economy as: "An economy that does not engage in foreign trade; the opposite of an open economy.
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Why do companies offer Benefits & Incentives to their employees when
they are not required by law to do so?
In law, Salary or wages are the compulsory incentives an employee or worker of labor is entitled to, for services offered to the company.
The use of Benefits and Incentives serves as External Motivator for employees.Some companies offers its employees a prize if they can achieved a certain target or goals,
In conclusion, the act of giving incentives does not only motivates them, but it serves as techniques to make employee stay longer at the company.
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Opponents of __________ have argued that the related agreements are dangerous because such agreements advance and establish procedures that protect participating nations from the benefits of free trade.
The blank space should be filled with; Free Trade Agreement (FTA).
Free Trade AgreementThe arguments for or against the free trade agreement have stemmed over the years.
Arguments for the free trade agreement:It enhances goods and services to be produced more efficiently. Partly because it encourages goods or services to be produced where natural resources, infrastructure, or skills and expertise are best suited to them. On this note, productivity increases, which can lead to higher wages on the long run.
Argument against the free trade agreement:The major argument against free trade is that, when free trade introduces lower cost international competitors, it pushes domestic producers out of business.
Additionally, free trade not only reduces jobs in some participating industries, but it also creates excess of jobs in other industries.
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The governor of Virginia works as part of the local government
True or False
The governor of Virgi works as part of the local government, is the true statement.
What is local government of Virgi?The main local governing bodies in Virgi are the county and the independent city. Similar to other states, Virgi's local government is almost entirely overseen by state law and the state constitution. Unlike other states, Virgi does not divide its cities into counties.
The governor is required to see that the laws of the Commonwealth are faithfully implemented before signing or vetoing a bill. They are in responsible of protecting state security as the commander of the Virgi Militia.
Thus, is the true statement.
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The costs incurred due to a conflict of interest between stockholders and management are called ______ costs.
Answer:
Agency costs.
Hope that helps. x
Which of the following reflects Revenue after Deductions?
Answer:
Net income reflects the total residual income that remains after accounting for all cash flows, both positive and negative. In other words, from revenue, which is called the top-line number, all income, expenses, and costs are deducted to arrive at net income
NET INCOME
Explanation:
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Which of the following statements is correct? The dead weight loss caused by monopoly
In the ordinary course of business, EZ Funds Corporation offers credit to Homer and other consumers and reports on the loans to credit agencies. To save time and money, EZ generally does not correct or update its reported information. This is most likely to result in Group of answer choices an assessment of damage a levy of a nominal fine an order of rescission of the loan contracts no sanctions
In the ordinary course of business, EZ Funds Corporation offers credit to Homer and other consumers and reports on the loans to credit agencies. To save time and money, EZ generally does not correct or update its reported information. This is most likely to result in an assessment of damage.
An assessment of damage is most likely to result if EZ Funds Corporation offers credit to Homer and other consumers in the ordinary course of business and reports on the loans to credit agencies but does not correct or update its reported information to save time and money. Assessment of damage is the process of determining the value of the property damaged. The purpose of an assessment of damage is to determine the amount of compensation due to the victim as a result of the damage that has been caused. The compensation may be in the form of money, property or services.
If a company does not correct or update its reported information, it may lead to inaccurate credit reporting. This could have serious implications for individuals who rely on accurate credit reports to make financial decisions. If inaccurate information is reported, it may lead to the denial of credit or loans, higher interest rates, and other negative consequences.
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What can a boosted post help an advertiser achieve?
A boosted post helps an adviser to connect with the audience and gain trust.
Boosted post is a kind of post that is used on social media platforms in order to enhance the page of the platform and to attract audience to the page. Boosted post can help better communication with the audience along with the increase in a greater number of messages, calls and texts. Boosted posts help for better advertisements of the product. For example, A Chocolate brand may use Boosted posts to gain audience as well as consumers. Boosted posts helps an adviser to be discovered among people, to establish a benchmark in the market and to gain more and more customers. It's a kind of marketing strategy used for publicity purpose.
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