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Question - Identify the type of auditor's report to be issued for situation
WorldCom.Social Ltd provides social housing to approximately 1500 tenants at below normal market rents. WorldCom.Social is a reporting entity under the Corporations Act. During the year, there has been a review of the basis for calculating the lives of the houses owned by the organisation. Previously, these houses were assessed to have a useful life of 30 years, but this has now been changed to 50 years. During your audit work, you reviewed the WorldCom.Social Ltd asset management policy which only plans for maintaining and upgrading properties up to 30 years old. You also found that, during the year, WorldCom.Social Ltd demolished a house that it built in 1989.
prepare a one to two page 700-1000 words summary to the following questionsexplain the differences between common and
It finances with debt and common equity, but it wants to avoid issuing any new common stock during the coming year. Given these constraints, what percentage of the capital budget must be financed with debt?
Compute the return on sales, turnover on capital, and ROI for the three companies, and comment on the relative performance of the companies
Assuming that Oxmoor desires to sell its chairs for cost plus 35 percent of cost, what price should be charged for the chairs produced in January and February?
Cayman Products manufactures and sells to wholesalers approximately 300,000 packages per year of underwater markers at $4 per package.
Pretorious Manufacturing has just hired a new controller, Diana Metcalf. Comment on the effectiveness of Diana's budgeting strategy
on january 1 patel company has a beginning cash balance of 21000. during the year the company expects cash
Pilot costs: $5,000 per month plus $100 per trip. Calculate the Break-even point in dollars of revenue per month
1.during october crusan corporation incurred 68500 of direct labor costs and 4800 of indirect labor costs. the journal
the following information is available to reconcile hamiltoncompanys book balance of cash with its bank statement cash
Describe the additional substantive payroll audit procedure that serves to validate the total payroll amount reflected in the trial balance/general ledger.
Fill in the amounts for X, Y, and Z in the following table. (The company started business on January 1, 2009
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