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Identify the three areas of an auditor work that are significantly impacted by the presence of IT accounting systems.
oslo company prepared the following contribution format income statement based on a sales volume of 1000 units the
converting book income to taxable income. the following income and expense accounts appeared in the accounting records
retro wear manufactures dresses in a small facility in potsdam new york. information about the production week is as
on may 31 2011 james logan company had a cash balance per books of 6781.50. the bank statement from farmers state bank
cost estimates on a long-term contract may indicate that a loss will result on completion of the entire contract. in
stacy lynn inc.is a manufacturer of rice cookers. the rice cookers sell for 45 per unit the sales were 3600 units in
Salter Inc.'s unit selling price is $50, the unit variable costs are $35, fixed costs are $125,000, and current sales are 10,000 units. How much will operating income change if sales increase by 5,000 units?
you have purchased equipment for 100000. the equipment will last 5 years. assume you will depreciate the equipment to
managers often assume a strictly linear relationship between costs and volume. how can this practice be defined in
On December 31, 2010, Excello Electric Company had $1 million of short term notes payable due February 7, 2011.
Briefly describe three strategies for testing internal controls when information technology is used for significant accounting processing
Auditing general cash for the Pittsburgh Supply Company for the fiscal year ended July 31, 2009. The client has not prepared the July 31 bank reconciliation. After a brief discussion with the owner,
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