What are the general types of subsequent events

Assignment Help Accounting Basics
Reference no: EM131817780

Question - (Subsequent events) Green, CPA, is auditing the financial statements of Taylor Corporation for the year ended December 31, 20X1. Green plans to complete the fieldwork and sign the auditor's report about May 10, 20X2. Green is concerned about events and transactions occurring after December 31, 20X1, that may affect the 20X1 financial statements.

Required - What are the general types of subsequent events that require Green's consideration and evaluation?

200-300 word.

Reference no: EM131817780

Questions Cloud

Draft a memo to client tax file describing loss limitations : Using the format (1) facts, (2) issues, (3) conclusion, and (4) law and analysis, draft a memo to the client's tax file describing the loss limitations
Discuss relationship between risk and this type of insurance : Evaluate the risks in society. Discuss the relationship between risk and this type of insurance. Describe the risk management tools.
Swimming times for male members of a college : Top swimming times for male members of a college team were found for various events. For these problems, use the fact that the t multiplier for 95% confidence
Confidence interval for the mean density of all soil samples : Use the fact that the t multiplier for 32 degrees of freedom and 99% confidence is 2.74 to report a 99% confidence interval for the mean density of all soil
What are the general types of subsequent events : Green plans to complete the fieldwork and sign the auditor's report about May 10, 20X2. What are the general types of subsequent events
Use and satisfaction by prelingually deafened adults : a. Construct a stemplot of the data to verify that the shape is roughly normal.
Describe why operational and financial metrics : describe why operational and financial metrics are important for managers to both understand and utilize.
Would you have managed this conflict in a different way : Describe a conflict that you have experienced in your professional life. After reading this material, would you have managed this conflict in a different way?
Compute the cost of the machining department : The Machining Department data that follow pertain to job no. 243, the only job in production at year-end. Compute the cost of the Machining Department

Reviews

Write a Review

Accounting Basics Questions & Answers

  It is the first year of operations at johnnys subs and the

it is the first year of operations at johnnys subs and the cost of all work in process during the year is 830000.

  What is revaluation of plant assets

What is component depreciation, and when must it be used? What is revaluation of plant assets? When should revaluation be applied?

  What is the total amount of cash expected to be received

Jackson Company has the budgeted sales for the next 5 months: What is the total amount of cash expected to be received from customers in May

  Prepare a sale budget schedule

Accounts Receivable, May 31st: (2x May sales 360, 000)=720,000, Prepare a sale budget schedule and a cash collection budget schedule for June, July, and August

  Compare expenses under each of the given methods

Department computation: Blair Hoe Company purchased equipment for $424,000 on October 1, 2003. It is estimated that the equipment will have an useful life.

  Compare your balance sheet at the end of december

Compare your balance sheet at the end of December with the balance sheet

  What is the total cost of the departmental work in process

department g had 3600 units 25 completed at the beginning of the period 11000 units were completed during the period

  Interpretation of the coefficient

What is the interpretation of the coefficient of the constructed variable December? What additional assumption is required to include the variable December in this model? Is there reason to believe that it is satisfied?

  Find dollar amount reported preferred stock account balance

The stockholders' equity section of Kay Corporation at the end of thecurrent year showed. Calculate the dollar amount to be reported as the preferred stock account balance.

  Distribution for the current year

Magenta Corporation also distributed $60,000 to its sole shareholder, Chuck, on November 30 of the current year. As a result of the distribution, which of the following is the correct regarding how Chuck should treat the distribution for the curre..

  Company prepared the following purchases budget

Company prepared the following purchases budget, What are the total cash payments made in September for purchases

  What do you think is the main purpose of financial

bull what do you think is the major purpose of financial statements? why? explain what type of information can

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd