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Absolutely this is an auditing question. Auditing is a part of Accounting. There is no any separate major in Auditing. I haope you can answer now if you are an expert. "Provide some strong paragraphs regarding the auditing professions such as--auditors would still be employed and do we really need auditors? They would just become employees of insurance companies? What is your opinion here?" Briefly explain and write in details.
Show two possible explanations for each of the unfavorable variances calculated in E25-8 (a), and suggest where responsibility for the unfavorable result might be placed. Refer to E25-8 (a).
The Lucas Inn has room and food operations. The rooms operation provide 65% of the total revenue and has variable cost of 25%. The food operation provides 35% of the total revenue cost and has variable cost of 60%. The total annual fixed cost are $30..
interpreting financial statements please respond to the following1 peachtree complete accounting has the ability to
Roselle Appliance uses a perpetual inventory system. For its flat-screen television sets, the January 1 inventory was 5 sets at $563.00 each. On January 10, Roselle purchased 7 units at $751.40 each. The company sold 3 units on January 8 and 5 units ..
On a current bank reconciliation, an amount is required to be added with the bank statement balance because in the previous closed accounting period a correction entry was not done in the general ledger. If the cash account needs to be debited, what..
Inc report revenues of $14,892,615, net operating profit after tax of $987,625, net operating assets of $6,124,587. The fiscal 2009 balance sheet reports net operating assets of $5,995,633. Illustrate what is Neptune’s 2010 net operating profit m..
What about to Jim? Illustrate what if Jim’s loan had been $25,000 instead of $12,000 and Sally hadn’t repaid a dime before Jim decided to forgive the balance?
ABC Company factors receivables with a carrying value of $200,000 to finance company for cash of 160,000. The transaction is a "with recourse" basis. The recourse provision has a fair value of 1000. Record the 200,000 balance in receivable account an..
During fiscal year 2012, Byrd Inc. wrote-off $8,000 of customer accounts as uncollectible. Which of the following items would be decreased by these write-offs?
Calculate the depreciation under the straight line method and calculate the depreciation under the double declining method.
In your own words, describe each of the four financial statements. Go online and find the most recent set of financial statements for a publicly traded company that you are interested in and explain what you learned about that company from explori..
At the end of its accounting period, December 31, 2007, Pima has assets of $617,000 and liabilities of $382,000. Using the accounting equation, determine the following amounts.
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