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NewCar.com, Inc., an innovative, Internet-based automobile retailer based in Ghana, is beginning to seek customers in the U.S. Currently, it has no sales personnel or assets located in the U.S. but it makes a few sales to U.S. customers based on orders over its web site. NewCar.com is considering sending a few sales agents to the U.S. to set up sales offices in large cities. The offices will have no inventory and will merely proved a place for the sales agents to meet with interested customers. Ghana has no income tax treaty with the U.S.
Explain how an auditor defines or describes what a material misstatement would be for a particular client from both a qualitative and quantitative perspective.What is the audit risk model discuss each of the risk factors in this model and the rela..
the demand forecast for the next four periods is 80 110 120 and 145 units respectively. the plant has a regular
The total assets of Yap Co. are $600,000 and its liabilities are equal to two-thirds of its total assets.What is the amount of Yap Co.'s stockholders' equity?
What are the two types of audit tests? What are some examples of each of these two types of tests? How will the auditor use the data gathered from these tests? - Answer 150-200 words.
security pension services helps clients to set up and administer pension plans that are in compliance with tax laws and
An investor in common stock received dividends in excess of the investor's share of investee's subsequent to the date of the investment. How will the investor's investment account be affected by those dividends under each of the following accounti..
Assume an organization has total current assets of $200,000, total current liabilities of $75,000, inventories of $50,000, prepaid expenses of $25,000, net sales of $770,000, and beginning accounts receivable of $42,000 and ending accounts receiva..
on february 2 2010 mecca corporation declared a dividend of .42 per share with 1200000 shares currently outstanding. on
Percy reported net income from its own operations of $720,000 in 2011 and $760,000 in 2012. Smyth reported net income of $400,000 in 2011 and $460,000 in 2012. Neither company declared dividends in either year.
the armer company is accumulating data to be used in preparing its annual profit plan for the coming year. the cost
The county is required to use any accrued interest or premiums for servicing the debt issue. What effect, if any, do interest payments have on the carrying value of the bond issue as reported in the financial statements?
Journalize the entries required on February 13, March 14, and April 30.
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