After the cpas have selected particular accounts receivable for confirmation: a. as a control measure, the cpas should carefully list the audited values of all of those accounts before turning the letters over to the client to type and mail. b. it is important that every account selected that has a material balance ultimately be verified by confirmation or the application of alternative procedures; immaterial balances never require any follow-up through alternative procedures. c. all requests for confirmation should be mailed in envelopes bearing the cpa firm's return address and should include a return envelope addressed to the cpa firm. d. all differences between confirmation replies and book values should be reconciled by the cpas, rather than the client.
Prohibition outlawed production and sale of alcohol. (by the way al capone rised during these times)
the answer should be demonstrations i hope this
i might look it up later.
Business, 22.06.2019 06:50, jungcoochie101
On january 1, vermont corporation had 40,000 shares of $10 par value common stock issued and outstanding. all 40,000 shares has been issued in a prior period at $20.00 per share. on february 1, vermont purchased 3,750 shares of treasury stock for $24 per share and later sold the treasury shares for $21 per share on march 1. the journal entry to record the purchase of the treasury shares on february 1 would include a credit to treasury stock for $90,000 debit to treasury stock for $90,000 credit to a gain account for $112,500 debit to a loss account for $112,500
Business, 22.06.2019 08:20, Hakika
For a number of years, a private not-for-profit entity has been preparing financial statements that do not necessarily follow generally accepted accounting principles. at the end of the most recent year (year 2), those financial statements show total assets of $1,450,000, total liabilities of $210,000, total unrestricted net assets of $620,000, total temporarily restricted net assets of $410,000, and total permanently restricted net assets of $210,000. in addition, total expenses for the year were $720,000 (shown in unrestricted net assets). on december 25 of year 2, the entity above received a $51,000 cash gift. the donor specified that the entity hold the money for four months. if, at the end of four months, the donor still wished to do so, the money was to be given to the local kidney fund (a separate not-for-profit organization). however, during these four months, the donor could use the money for any other purpose. the reporting entity recorded the money as an increase in cash and as contributed support within its unrestricted net assets.
Business, 22.06.2019 09:30, raywils0n12300p0t3yc
The decision to change the international pages of the ch2m hill website was a decision that took a great deal of thought and discussion with the website team. this is the unstructured decision making process. is this an effective process? why or why not?
Business, 22.06.2019 09:40, ameliaduxha7
You plan to invest some money in a bank account. which of the following banks provides you with the highest effective rate of interest? hint: perhaps this problem requires some calculations. bank 1; 6.1% with annual compounding. bank 2; 6.0% with monthly compounding. bank 3; 6.0% with annual compounding. bank 4; 6.0% with quarterly compounding. bank 5; 6.0% with daily (365-day) compounding.
After the cpas have selected particular accounts receivable for confirmation: a. as a control measur...
History, 22.04.2020 20:06
Social Studies, 22.04.2020 20:06