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Item:1 assertion:Completeness Detailed audit procedure:Select a sample of sale from the sale journal and ensure each sales invoice is supported by an authorized delivery docket and approved customer order Required: (1)Does the procedure address stated assertion? Explain (2)If your answer to (a) is no, provide the correct assertion or explain what work would be required to address the assertion. (3)explain what type of evidence is obtained by performing the stated procedure. How persuasive is it?
at the end of 2011 geisel inc has a 1700 debit balance in the allowance for doubtful accounts before adjusting entries
Which of the following ratios would be most helpful in assessing the liquidity of a governmental entity?
In 30 years, what will your company's repayment be if you issue the coupon bonds? What if you issue the zeroes?
If a company has a return on equity of 25% and wants a growth rate of 10%, how much of ROE should be retained.
the title of your presentation isnbspwater an overlooked essential nutrient.nbspa law firm has requested that you
How do partnerships and corporations differ in accounting processes? Reporting? Financial statements? What are the benefits of each? How would one select one from another? in 1,000 words.
Kim made a gift to Sam of a passive activity (adjusted basis of $50,000, suspended losses of $20,000, and a fair market value of $80,000). No gift tax resulted from the transfer.
What are some of the potential problems that may be encountered in changing from a budget to a cost estimation movie making system?
calculate the cash dividends required to be paid or each of the following preferred stock issuancesa.the semiannual
A business is purchased for 250,000. The fair market value of assets are equipment 90,000, building 135,000, and goodwill 15,000. What is the cost basis for each asset?
phelps canning company is considering an expansion its current income staement is sales 5000000variable expenses50 of
In the same year Nectar sold land costing $50,000 to Lorikeet for $30,000. On July 1, 2005, Lorikeet sold the land to an unrelated party for $110,000. What will be the gain reported on the consolidated income statement for 2005?
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