E9.7(a,b2)

Q: Which components of audit risk can an auditor control? Explain

A: An auditor is a professional who is responsible for verifying a business entity's financial…

Q: The answer is somewhat close. The correct answer is 6.8810.

A: Given: Value of call = $1.44 Strike price = $25.60 Value of shares = $20 Interest rate = 2.5%…

Q: 0. 00000

A: Please feel free to ask any questions you have, and I'll do my best to provide you with the…

Q: What is the value of (A/G, 3.3%, 10)? a. 3.3297 b. 4.2326 O c. 4.5050 d. 4.0220 e. 5.0117

A: Annuity refers to series of equalized payments that are either made at start or end specific…

Q: True/False) All of the regulations for Section 162 are proposed regulations.

A: The general rule for section 162 states that "A deduction of ordinary and necessary expenses paid or…

Q: Explain the circumstances of reclassification from FVPL to FVOCI.

A: Reclassification is a journal entry which includes transfer from one general ledger to another. It…

Q: where do all of the nonseparately stated items go on the form 1065?where is the net of all those…

A: Form 1065 is an informational type of return need to be filed by the partnership to the IRS.IRS…

Q: answer for the last one: The VAT Payable a.61,065 b. 69,815

A: The first 3 questions answers are provided in original question.

Q: Define Permanently Restricted Contributions based on the U.S. GAAP SFAS. Define Restricted Support…

A: Generally accepted accounting principles (GAAP) are a set of accounting principles, standards, and…

Q: State and local governments are likely to follow which of the following:

A: The correct answer is: (B) GASB  State and local governments are likely to follow GASB because all…

Q: 2/120? а. 36 b. 8 С. 24

A: Factors for 152: 1, 2, 4, 8, 19, 38, 76, and 152 Factors for 120: 1, 2, 3, 4, 5, 6, 8, 10, 12, 15,…

Q: State the key differences between IFRS and U.S. GAAP.

A: IFRS stands for International Financial Reporting Standards. These are accounting standards issued…

Q: Difference between capital project and special revenue fund.

A: Introduction The use of public funds for financial activities is a necessary part of modern…

Q: Explanation 1031 like-kind exchange

A:

Q: Under IFRS it is greater than probability that an obligation is going to arise and the amount can be…

A: International Financial Reporting Standards (IFRS) is an acronym for International Financial…

Q: tis the value of (F/G 1. 9.4136 30.7297

A: Given information :

Q: D6) Finance What are the costs of extending trade credit? (Be specific please)

A: Trade credit is the credit or kind o loan given to the customers of the business for delaying the…

Q: Which basis of measurement is allowed in standard IFRS16?

A: IFRS or International Financial Reporting Standards are the guidelines of accounting given by the…

Q: 42. (13.0) 【) Discuses at least three considerations around the ethics of accepting gifts

A: The giving and accepting of gifts has an important role in facilitating business relationships. for…

Q: EQ06 Q4. len mol fan gas yn in sletten systeem û ndergiet in fjouwer - stap thermodynamyske syklus.…

A:

Q: Discuss the similarities and differences in depository institutions and non-depository institutions

A: Depository institutions and non-depository institutions The financial institution that receives…

Q: x 13579 y 143 116 100 98 90 What is the correlation coefficient for the data set (rounded to two…

A: The given problem can be solved using CORREL function in excel. CORREL function computes correlation…

Q: SE13-1, SE13-2, SE13-4 were answered in a previous question. Please look at SE13-4, SE13-5, SE13-6.

A: Since, you have specifically asked for 4, 5 and 6 part. So, we have solved the same for you.

Q: (P/A, 5%,7) has a value equals to a. 5.7864      b.  0.070 c. 8.142        d. 0.8142

A: (P/A, 5%,7) means Present Value Annuity Factor @ 5% for 7 Periods.

Q: E10.2

A: Interest accrued on June 30 = Face value of note x rate of interest  x No. of months /12 = $90,000 x…

Q: Define R&D according to U.S. GAAP.

A:

Q: 1. Audit evidence and reliability 2. Indicative going concern factors

A: Audit evidence is the information collected and used to support audit findings. It provides a…

Q: e M&M Proposition I without taxes?

A: Introduction : The Modigliani–Miller theorem can be understood as the well-known piece of economical…

Q: 16) Find the gaps in the following table: Item Capital (S) 12,350 a. b. ?? C. 33,266 d. ?? e. 11,900…

A: Solution:- Capital employed means the amount invested in the business. So, Capital = Assets –…

Q: B60. RA 9298 is officially known as A. The Revised Accountancy Act. B. The Revised Accountancy…

A: RA No 9298 is the Act formed with the objective of regulating the accounting practices in the…

Q: Explain the IAS-10 (Events after reporting period).

A: IAS-10 "Events after the reporting period" prescribes :-  (i) when an entity should adjust its…

Q: tate two (2) main criticisms against the adoption of IFRSs in some countries.

A: IFRS was established to give a single view to the balance sheet prepared by the companies globally.…

Q: Provide proffesional argument as to why IFRS 16 is preffered for us over IAS 17, and three examples…

A: IFRS 16 and IAS 17 are accounting standards related with leases. On January 2016, IASB issued a…

Q: 3,An often-heard criticism of Basel III by banking practitioners is that "increased regulation…

A: Basel III norms are the banking regulations introduced by the Basel Committee on Banking Supervision…

Q: Muscat Securities Exchange was established in the year=

A: Securities exchange can be defined as a place where securities can be traded. Presence of exchange…

Q: 14. Determine the numerical value of the factor (F/A, 5%, 10). A 0.1295 B 0.0795 12.5779 D 7.7217

A: Future value is the value of a certain sum of money in the future. The future value of the annuity…

Q: What is the value of (F/G, 3.2%, 7)? a. 17.7723 O b. 22.1565 O c. 2.8741 O d. 1.2467 O e. 7.7090

A: Future value gradient(F/G) =(1+i)n-1i Where  i =interest rate n=number of years

Q: it say 43,636.36 is incorrect

A: Here,Annual Incremental Cahs Inflows is $16,500Time Period is 3 yearsInterest Rate is 10%Note: As…

Q: The number of parties involved in discounting a bill of exchange is :

A: A Bill of exchange is a written agreement/order given by one party to the other for an agreed amount…

Q: it say 6224.00 is incorrect

A: The problem is based on present worth analysis. Here, net present value of the investment and…

Q: If the difference between current assets and current liabilities is 94.2, bill payable 169.9,…

A: Solution: As given, Current assets - Current liabilities = 94.2 Current liabilities = Bills payable…

Q: tiple Choice CE DEPARTMENT ct Design mering Support Et operating costs of the departments (including…

A: for the allocation of cost to the different department it is important to consider the cost that has…

Q: On this question may you please explain how it came to 41880 instead of 41860

A:

Q: types of even... Transactions include which two types of events? Multiple Choice Monetary events and…

A: An accounting event refers to a transaction that is perceived in the financial reports of a…