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Q. Responsibility of Leader and expert?
As a partner in the firm Tracy will have numerous broad responsibilities. She will engage in business development, high-level client service activities, recruiting, strategic planning and office administration and counselling. Moreover serving as the engagement partner on several audits she will have ultimate responsibility for the excellence of service provided to each of her clients. Even though a certain industry or administrative function will become her specialty she will habitually be called upon to perform a wide variety of audit and administrative duties when other partners have scheduling conflicts. She will be expected to serve as a positive instance to those who work for her and will train others in her areas of expertise. At the partnership level what is looked for is leadership capability plus the ability to become an expert in a specific industry or administrative function.
1. If market interest rates are higher than the rate offered on the bonds being sold, they will be sold at: A. a premium. B. a discount. C. face value. D. a loss.
An invoice for product X totals $1,200 and is dated July 6, 2000 with terms 2/10-60X. If the invoice is paid on September 3, 2000, what is the net amount of payment? A. $912
on which shares pre acquisiton dividend received
The balance sheet account as of July 31, 1995 for XYZ company are : Capital: (fix lib) 35,630 Office Equipment (ass) 16730 Delivery
Q. Explain about Freight collect? Freight collect indicates the buyer should initially pay the freight bill on the arrival of the goods. To demonstrate the use of these terms s
Q. Calculate the gross margin percentage? Calculate the gross margin percentage by using the following formula Grossmargin percentage = Grossmargin/Net sales To show th
Explain the term- Reversing entries and Interim statements Reversing entries - Made the first day of new accounting period. They are exact opposite of the adjusting entries
Contain the relevant authoritative literature on accounting for investments in held-to-maturity securities using the FASB's Codification Research System. What is the specific citat
“Ledger is said to be the principal book entry and the transactions can even be directly entered into the ledger account.” Elaborate and explain why journal is necessary.
The measurement of expense Accountants measure largely assets used in operating a business by their historical costs. Consequently they measure a depreciation expense resulting fro
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