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Please keep your answers down to at least one paragraph, this is just a conversation not an essay area. 1. Materiality factors:
What factors affect an auditor’s preliminary judgment about materiality? 2.Business Risk and Impact on AAR:
There are several factors that affect an audit firm’s business risk and, therefore, acceptable audit risk. What are these factors? How do they affect our audit planning? 3. Understanding Internal Control:
There are four steps in the auditor’s process of understanding internal control and assessing control risk for a public company. The first step is to obtain and document an understanding of internal control: design and operation. What are the remaining three steps?
identify b riefly the possible alternaives (includin those that are totall unacceptable) for quantifying the cost of the land and briefly support your choice.
Evaluate the maximum amount that Santos Company can pay for advertising and have an operating profit of 200,000 next year? Show solution.
The company plans to sell 17,000 bookbags this year. Illustrate what are the variable expenses per unit?
Deductible executor's fee. Net IRD and the IRD reported on the return for the period ended June 30, 2011.
Jell and Dell were partners with capital balances of $600 and $800 and an income sharing ratio of 2:3. They admitted Zell to a 30% interest in the partnership, and the total amount of goodwill credited to the original partners was $700. Illustrate..
Journal entries for Purchased on account Merchandise Inventory to be held for resale
Find the correct entry for Flores on November 17, assuming the correct payment was received on that date and What is the correct entry for Flores on November 10?
What is the amount of interest that Crocus could capitalize in 2013, using the particular interest method
Make the journal entries necessary to record the transactions above using appropriate dates
Assume that Snap Fitness estimates that each location incurs $4,000 per month in fixed operating expenses plus $2,000 to lease equipment.
Illustrate what are the tax consequences to both Lotta and Meg(show the 4 portions of the deemed transaction along with the imputed amounts) for 2011?
Computation of Consideration for purchasing a running Business Firm - determine this amount. Under these conditions, how much should you offer O'Henry? Give your reason."
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