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Q1. Why should auditors use external confirmations for Accounts Receivable? Discuss positive and negative confirmations and their use. Can confirmations mailed but not received be used as audit evidence? What should an auditor do if responses for confirmation requests are not received from customers?
Q2. Discuss any three Analytical Procedures typically used in the audit of inventories.
larsen realty corporation purchased a tract of unimproved land for 51000. this land was improved and subdivided into
Acherman Company was organized on May 31 of the current year. Projected operating expenses for each of the first three months of operating are as follows: June $64000, July $81000, August $104500.
the following information was disclosed in the debt footnote to the financial statements of cal-tex company for the
which of the following items 1 through 9 are part of the financial reporting but are not included as part of
how to calulate federal and fica in don wallss problem e11-5.don wallss gross earning for the week were 1780 his
morganton company makes one product and it provided the following information to help prepare the master budget for its
Your company wants to place an advertisement in a leading daily in order to expand sales by 11%. The advertisement will cost the company $28,000. In addition to the advertisement, the company also wants to cut costs to reduce the selling price for ea..
If the common stock had a market price of $180 per share before the stock split, what would be an approximate market price per share after the split?
parkes book comanys management is considering an advertising program that would required an initial expenditure of
daily consumption 32 to 40units per day. reorder period 30 to 40 days reorder quantity 2000hours calculate maximum
the thomlin company forecasts that total overhead for the current year will be 11053501 and that total machine hours
quarterly compounding cousin bertha invested 100000 10 years ago at 12 percent compounded quarterly. how much has she
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