User Account

All Pages

What is the material level

Assignment Help Managerial Accounting
Reference no: EM132470683

Auto Delivery Company has a fleet of several delivery trucks. In the past, Auto Delivery had followed the policy of purchasing all equipment. In the current year, they decided to lease the trucks. The method of accounting for the trucks is therefore changed to lease capitalization. This change in policy is fully disclosed in footnotes. Given condition is "No conditions are applicable"

Question a) What is the material level? Choose from the following

1) High material

2) High material or material

3) Immaterial

4) Material

6) Not applicable

Question b) What is the auditing report? Choose from the following

1) Qualified

2) Unqualified

3) Disclaimer

4) Adversed

Question c) What is the additional information? Choose from the following

1) Amount of loss

2) Auditor's judgement

3) Client imposed limit

4) Size materiality

Reference no: EM132470683

Questions Cloud

Prevent commonwealth executive from imposing a detention : What constitutional safeguards there are, or ought to be, to prevent the Commonwealth executive from imposing a lengthy detention on someone who is at risk
Calculate amount to be adjusted to profit each year : Zet Ltd. decided to make allowance for doubtful debts at the rate of 5% of trade receivables. Calculate amount to be adjusted to profit each year
Why is the mnt for a person with gdm higher in fat : What is the goal of MNT? Why is the MNT for a person with GDM higher in fat and protein?
List 5 evidence-based risk factors for gdm : Based on the elevated screening test, Y. L. was scheduled for a 100-g glucose load. Explain how you will inform and educate your patient about this testing
What is the material level : What is the auditing report? What is the additional information? What is the material level? Auto Delivery Company has a fleet of several delivery trucks.
What will be Duncan after-tax proceeds : If the company tax rate is 30% and Duncan's personal marginal tax rate is 47%, what will be Duncan's after-tax proceeds from the dividend distribution
Identify the different types of constipation : Identify the different types of constipation, causes of constipation, risks associated with constipation, and subsequent treatment modalities
Propose the different departments within the hospital : How would you propose the different departments within the hospital work both independently and collaboratively to ensure all elements are met?
What party receives the benefit of forfeitures : What party receives the benefit of forfeitures in a defined contribution plan? What party receives the benefit of forfeitures in a defined benefit plan?

Reviews

Write a Review

Managerial Accounting Questions & Answers

  Is the variance favorable or unfavorable

Analyze laundry costs for the month of September using the procedures for calculating a controllable overhead variance, Is the variance favorable or unfavorable?

  Should management investigate the process

The accounting system has reported a large unfavorable variance for Buffett Company's production process. Should management investigate the process?

  Cost tracing-allocation-drivers and related issues

Describe the importance of cost tracing? Cost Allocation? How do they differ and how are them similar? Describe a cost driver? Select a day to day event that you may use these tools to properly budget yourself, and to see where you might be oversp..

  What was the companys residual income last year

Compute the companys margin, turnover, and return on investment for last year - What was the companys residual income last year

  Hr management- dealing with people

Dealing with people is probably the most difficult thing we will ever encounter in life.

  Prove the agreement of work in process inventory

Short-term interest rates are more volatile than long-term interest rates, so short-term bond prices are more sensitive to interest rate changes

  Calculate the internal rate of return

Calculate the internal rate of return for the delivery business. Should Palermo Pizzeria invest in the delivery business if the required rate of return is 10 percent?

  Selected comparative financial statements of haroun company

Selected comparative financial statements of Haroun Company follow.

  Based on your analysis in part c briefly comment

Based on your analysis in part c, briefly comment on how well the company has controlled its investment in inventory.

  Selected year end financial statements of cabot corporation

Selected year  end financial statements of Cabot Corporation follow. (All sales were on credit; selected balance sheet amounts at December 31, 2012, were inventory, $ 48,900; total assets, $ 189,400; common stock, $ 90,000; and retained earnings, $ 2..

  Statement of cash flows - dutton company

Show how each item should be reported in the statement of cash flows. Use parentheses for deductions

  Prepare jersey boy contribution margin income statement

Use the shortcut unit contribution margin approach to compute the number of shows needed annually to earn a profit of $3,078,000. Is this goal realistic? Give your reason.

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!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

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