Jackson Company acquires 100% of the stock of Clark Corporation on January 1, 2023, for $4,100 cash. As of that date Clark has the following trial balance: Cash Accounts receivable Debit $ 500 Credit 600 Inventory 900 Buildings (net) (5-year life) 1,600 Equipment (net) (2-year life) 1,000

Search Google images for bad data visualizations. Post a link to the image.Describe what is inaccurate or misleading about the visualization. Replace the inaccurate and misleading information with what you think makes the image a good visualization.

Match each of the components of faithful representation with its definition.Faithful Representation                             Definition1 . Freedom from error      a. All information necessary to describe an item is                                                  reported. 2. Neutrality                       b. Information that does not bias the decision                                                         maker. 3. Completeness                c. Reported amounts reflect the best available                                                        information.

Some accountants argue that the receiving department should be eliminated. Discuss the objective of eliminating the receiving function. What accounting/audit problems need to be resolved.