Answer:
All requirements solved
Explanation:
A realized loss is the loss that is recognized when assets are sold for a price lower than the original purchase price
1.If Exchange was a taxable transaction:
Realized loss = $95,000 amount realised - $107,000 tax basis = $12,000
Recognized loss = $12,000
Tax basis in new asset = $92,000 cost
2. If the exchange was a non-taxable transaction:
Realized loss = $95,000 amount realised - $107,000 tax basis = $12,000
Recognized loss = $0
Tax basis in new asset = $104,000 substituted basis
3. If exchange was taxable,
Gain recognized on sale of new asset = ( $100,000 amount realized - $95,000 Tax basis)
Gain recognized on the sale of new asset = $7,000
If exchange was non taxable,
loss recognized on sale of new asset = $100,000 amount realized - $107,000 Tax basis
loss recognized on sale of new asset = $7,000
Select all that apply Identify the statements below which summarize what cash discounts are. (Check all that apply.) Multiple select question. A reduced payment applies to the credit period. A buyer views a cash discount as a purchase discount. A reduced payment applies to the discount period. Cash discounts are described in credit terms. Sellers can grant a cash discount to encourage buyers to pay earlier. A seller views a cash discount as a sales discount. A seller views a cash discount as a purchase discount.
QUESTION ONE
ABC Ltd wishes to expand its business. On 31 Dec 2021, the company had
the following existing and proposed capital structures to support the
expansion programme.
1. The existing 8% debt capital has a book value of Ksh 50 000 000 and
matures in 10 years. The market value of debt at the close of business on
31 Dec 2021 was Ksh 40 000 000
2. A ten year loan of Ksh 300 000 000 is to be raised at an interest of 10
percent p.a. A cost of Ksh 20 000 000 will be incurred in raising this loan
3. A 12% preference stock capital stands in the books at Ksh 100 000 000
( 1 000 000 shares) and has a total market value of Ksh 150 000 000.
4. There are 40 000 000 ordinary shares with a current market price of Ksh
1500 each. The firm’s expected earnings per share (EPS) stand at Ksh
200, its growth rate is 6% and has a dividend payout of 60%.
5. The company plans to issue 10 000 000 ordinary shares at a market price
of Ksh 1 500 per share. The cost of floating the shares is estimated at Ksh
10 000 000.
Required:
i) Firm’s current weighted average cost of capital (10 marks)
ii) Firm’s expected weighted average cost of capital after the expansion
programme (i.e. marginal cost of capital) (5 marks)
QUESTION TWO
An investor intends to place Ksh 112,000,000 in the 91 days Treasury bill at a quoted rate/yield of 7.65%
p.a.
Required:
a) Compute the investor’s return, assuming that he is withholding tax-payer
b) Compute the investor’s return, assuming that he is non-withholding taxpayer (6 marks)
Answer:
rat
Explanation:
COMPLETE ANSWER
THE ANSWER TO THE QUESTION IS I'M GOING TO VOTE BRAINLIEST.
Direction: Identify the following. Write Strength, Weakness, Opportunities orThreat on the line.
1. Weak Leadership -
2. Strong Competition-
3. Popular Brand -
4. Competitive Salary-
5. Incompetent Manager-
6. Wide Range of Customers -
7. Reasonable Price -
8. Money Devaluation -
9. Unskilled Workers-
10. High Cost of Importation of Raw Materials -
According to the SWOT analysis:
1.weakness
2.opportunities
3.strengt
4.threat in the line
5.threat in the line
6.opportunities
7.Opportunities
8.weakness
9.threat in the line
10.weakness
Why Perform a SWOT Analysis?SWOT analysis, which stands for Strengths, Weaknesses, Opportunities, and Threats, is a method for evaluating these four components of your company. With the aid of a SWOT analysis, you can determine what your business performs well right now and create a winning strategy for the future.
What examples exist of opportunities, dangers, and weaknesses?Your firm has internal strengths and weaknesses that you can improve and exert some control over. Examples include your team members, your patents and other intellectual property, and where you are. External factors—events occurring outside of your business and in the wider market—are opportunities and risks.
What is an opportunity for weakness?A weakness in an organization is a restriction, flaw, or defect that will prevent it from attaining its goals. Any advantageous circumstance in the surroundings of the organization is a chance.
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You work for a large craft supplies retail chain that has store locations throughout the southeastern U.S. About twenty years ago, the organization implemented ERP (enterprise resource planning) software to manage its inventory, sales, financials, and payroll. However, the software has not scaled well recently as the number of store locations have increased and customer expectations in the market have risen. For example, cashiers must manually enter prices or item numbers because the system isn't designed to support scanning barcodes. Customers frequently complain of long lines and of being charged the wrong amount for an item. You've been tasked with leading a team to spearhead some major upgrades to your company's systems that will improve the efficiency of inventory availability, speed up the checkout process, and feed transaction data directly into the recently updated accounting system. As you begin planning the upgrades and selecting software solutions, you have to make some key decisions. support scanning barcodes. Customers frequently complain of long lines and of being charged the wrong amount for an item. You've been tasked with leading a team to spearhead some major upgrades to your company's systems that will improve the efficiency of inventory availability, speed up the checkout process, and feed transaction data directly into the recently updated accounting system. As you begin planning the upgrades and selecting software solutions, you have to make some key decisions. You've been talking with vendors about software and solutions that will meet the needs of your organization. The first decision you need to make is where this solution will be hosted. The current ERP is hosted on-premises at the home office location, but the hardware is old and outdated, and would not support a large upgrade. This means you'll either need to purchase new hardware, or find a cloud- hosted solution.
You decided to make the transition to cloud-hosted ERP services. This turns out to be a great decision because it makes the entire system more accessible for store locations throughout your region without requiring any significant investment in new hardware. As you learn more about what's involved in migrating to the cloud, you decide to tackle this project in phases by replacing one module of the old ERP system at a time. The POS (point-of-sale) and inventory management systems are the oldest and most out-of-date. Company executives have requested that you focus your initial efforts on upgrades that will have the biggest positive impact on customer satisfaction as soon as possible.
Which system do you start with?
The system to start upgrading first is the Inventory Management system followed by the POS system (point-of-sale) because they affect the customers most.
However, upgrading the inventory management system should be closely followed by the upgrade of the POS system. If the inventory management system is not working, the POS will malfunction and involve manual input of customers' data. The malfunctioning of the POS must be avoided.
It appears more appropriate to upgrade the two systems because the POS is more dependent on the inventory management system, and the upgrades must link for seamless customer service performance.
Thus, as well as upgrading the inventory management system, the POS system needs a timely upgrade to align with the upgraded inventory management system and the perpetual inventory system.
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What is a start-up? What factors are most important?
The team is arguably the most important factor in the success of any startup (my dad experienced it a few years ago, doing his startup business). You can have a great idea, plenty of capital and a good business plan, but if you don't have the right team in place to make it all come together, nothing will happen.
the process by which economists test hypotheses against facts to develop theories principles and models is
The process by which economists test hypotheses against facts to develop theories principles and models is the scientific method.
What is meant by Scientific method?Since at least the 17th century, the scientific method—an empirical approach to learning—has guided the advancement of science. Since one's interpretation of the observation may be distorted by cognitive presumptions, it requires careful observation and the application of severe skepticism regarding what is observed.
It entails developing hypotheses through induction based on these observations, testing the validity of those hypotheses through experimental and measurement-based statistical testing of the inferences made from them, and then fine-tuning (or discarding) those hypotheses in light of the experimental results. These are the guiding principles of the scientific process, as opposed to a predetermined set of steps that apply to all scientific endeavors.
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What is market environment
Answer:
The market environment is the combination of external and internal factors that affect a company's ability to establish a relationship with and serve its consumers.
Explanation:
The internal factors relate to the company itself, such as owners, workers, materials, components, etc.
The external factors are divided into macro and micro components. The macro component is the broad environment which includes societal forces that affect society as a whole. The micro component is task-related, which includes factors that influence the production, manufacturing and distribution of a product or service.
Then create a newspaper article/blog post/video (information/explanatory writing) to explain the factors a
consumer should consider when buying an automobile.
A self-propelled passenger vehicle for land transport that typically has four to eight tyres and is powered by an internal combustion engine or an electric motor. Automobile engineering refers to the branches of engineering that deal with the design and manufacturing of automobiles.Automobiles now play a significant role in our lives, which cannot be imagined without the modern world's luxuries. Because the automobile is used for both passenger and cargo transportation, it is a human lifeline. An automobile is a human-controlled vehicle that is not driven by humans.The number of doors, the arrangement of seats, and the roof structure are frequently used to categorise automotive body designs. Roofs on automobiles are traditionally supported by pillars on each side of the body.
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1. Name and describe in detail the three primary methods of promoting brand recall. Give an example of each from familiar ads or commercials. Explain why brand recall is particularly relevant to the advertising of "low- involvement" goods and services.
Repetition is a tried-and-true method for helping brand names stick in customers' memories. Slogans and jingles are used as a second strategy to increase brand recognition. Method C: Point of purchase branding—Displays that prompt or cue consumers to recall a brand name.
An illustration method would be the shelf placement of laundry detergent when shopping. Given that they fall under the category of routine reaction behavior, low involvement advertising is especially relevant in terms of brand recall (buying the same laundry detergent). Brand recall, sometimes referred to as unaided recall or spontaneous recall, refers to consumers' ability to recall brand names on their own.
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WBS for the knowledge area of Human/Resource Management for a low-cost housing project
Here's an example of a WBS for the knowledge area of Human/Resource Management for a low-cost housing project:
The wbs for a knowledge area of Human/Resource Management for a low-cost housing projectHuman/Resource Management
1.1 Staffing Plan
1.1.1 Define project roles and responsibilities
1.1.2 Identify required staffing resources
1.1.3 Determine the project team structure
1.1.4 Develop a staffing plan and budget
1.2 Recruitment and Selection
1.2.1 Create job descriptions and specifications
1.2.2 Advertise and promote job openings
1.2.3 Review resumes and conduct initial screenings
1.2.4 Conduct interviews and select candidates
1.2.5 Perform background checks and reference checks
1.2.6 Extend job offers and negotiate terms
1.3 Training and Development
1.3.1 Assess training needs for project team members
1.3.2 Develop a training plan and schedule
1.3.3 Conduct training sessions and workshops
1.3.4 Provide on-the-job training and mentoring
1.3.5 Evaluate training effectiveness and adjust as needed
1.4 Performance Management
1.4.1 Set performance expectations and goals
1.4.2 Monitor and assess individual and team performance
1.4.3 Provide feedback and coaching to improve performance
1.4.4 Conduct performance appraisals and evaluations
1.4.5 Identify and address performance issues or conflicts
1.5 Resource Allocation
1.5.1 Identify project resource requirements
1.5.2 Allocate resources based on project needs
1.5.3 Monitor resource utilization and availability
1.5.4 Optimize resource allocation to meet project objectives
1.6 Stakeholder Management
1.6.1 Identify project stakeholders and their interests
1.6.2 Develop a stakeholder engagement plan
1.6.3 Communicate and manage stakeholder expectations
1.6.4 Address stakeholder concerns and resolve conflicts
1.6.5 Maintain positive relationships with stakeholders
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Focused reports help managers ____________ the challenge before recommending solutions. Reports that present data without conducting analysis arei ______________.
Like other business messages, reports can range from informal to formal depending on their purpose, audience, and setting. Which of the following contributes to an informal writing style?
a. Absence of humor
b. Passive voice verbs
c. Familiar words
d. Use of contractions
Answer: analyze, informational reports;
the use of contractions
Explanation:
Focused reports help managers (analyze) the challenge before recommending solutions. Reports that present data without conducting analysis are (informational reports)
b. The option that contributes to an informal writing style is ( the use of contractions). Other informal writing styles are:
• First-person pronouns
• Active-voice verbs
• Conversational language
Question 4
The opposite of a good is a
O Good
O Service
O Wants
O Needs
In its initial S-1 filing, Groupon presented a non-GAAP performance metric called ACSOI. It was subsequently removed after the SEC objected. a. Why did the SEC question the inclusion of ACSOI in Groupon’s financial statements? Explain whether you think the use of ACSOI was appropriate or not. b. Non-GAAP metrics are common in some industries. For example, same-store-sales in retail, revenue-passenger-miles for airlines, etc. Are non-GAAP measures, such as these, ever of value for financial statement users?
Answer:
a. Groupon presented the Adjusted Consolidated Segment Operating Income (ACSOI) because it shows a higher amount than EBITDA. The reason is simple, Groupon wanted to show higher revenues and earnings, and the way they thought that they could do it was to use what I call "creative accounting". If the numbers do not match your expectations, play with them and change them until they do. That is exactly what Groupon did.
ACSOI increases EBITDA (which is a non-GAAP metric but it is accepted as valid by all companies) because it excludes certain expenses, e.g. marketing expenses, stock compensations, etc. It is irrational to believe that marketing expenses in a company like Groupon were irrelevant. Just a few years ago Groupon was the fastest-growing internet services company, and online marketing was essential for that type of growth rate.
b. We can just compare EBITDA and ACSOI, both are non-GAAP metrics, but one is properly designed, useful and actually shows how a company's cost structure works. But ACSOI is deliberately used to fool investors.
Some non-GAAP metrics are very useful, such as managerial accounting. Financial reports are tools and how helpful or useful they are depends on people. If you try to fool investors and trick them, eventually they will realize it.
Outsourcing can give short term
Short-term outsourcing is available and may provide you quick fixes and immediate resolutions, you have to see outsourcing as a business partnership that can last beyond a decade. Quick fixes, after all, are incapable of producing long-term rewards.
A company function or any particular business activity may be outsourced to specialist organizations. The corporation often outsources the non-core functions like sanitization, security, home, pantry, etc. The business and the agency enter into a legal contract.
The necessary personnel are then provided to the firm by the agency. The agency bills the business for their services and reimburses them by paying their workers' salaries. Outsourcing is on the rise as a result of global competition. Companies may enhance their profitability and improve the quality of their products by concentrating on their core competencies with the aid of outsourcing.
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The language of price controls Suppose that, in a competitive market without government regulations, the equilibrium price of hamburgers is $7 each.
Complete the following table by indicating whether each of the statements is an example of a price ceiling or a price floor and whether it is binding or nonbinding.
1. The government has instituted a legal minimum price of $8 each for hamburgers.
2. There are many teenagers who would like to work at fast-food restaurants, but they are not hired due to minimum-wage laws.
3. The government prohibits fast-food restaurants from selling hamburgers for more than $8 each.
Answer:
The government has instituted a legal minimum price of $8 each for hamburgers - price floor binding
There are many teenagers who would like to work at fast-food restaurants, but they are not hired due to minimum-wage laws. - price floor binding
The government prohibits fast-food restaurants from selling hamburgers for more than $8 each - price ceiling, non binding
Explanation:
A price ceiling is when the government or an agency of the government sets the maximum price for a good or service. Price ceiling is binding when it is set above equilibrium price.
A price floor is when the government or an agency of the government sets the minimum price for a good or service. Price floor is binding when it is set above equilibrium price.
Minimum wage is an example of price floor.
The equilibrium price of hamburgers is $7, while the minimum price set by the government is $8. This shows that it is a price floor and it is binding. The government sets the maximum price that fast food should sell hamburgers which is $8. This is an example of A price ceiling but it is not binding because it is above equilibrium price.
I hope my answer helps you
The classification of the given statements would be as follows:
1). The government has instituted a legal minimum price of $8 each for hamburgers - price floor and binding
2). There are many teenagers who would like to work at fast-food restaurants, but they are not hired due to minimum-wage laws. - price floor and binding
3). The government prohibits fast-food restaurants from selling hamburgers for more than $8 each - price ceiling and non-binding
What are the price ceiling and price floor?The price ceiling is defined as the limit that the government fixes as the maximum for a particular good while the price floor is characterized as the minimal amount that the government to be paid for a specific good.
"Binding" stands for something compulsory while non-binding is not compulsory.
The legal minimum price and wage would be binding and exemplify price-floor.
The maximum price set for hamburgers exemplifies the price floor and is non-binding because it lies above the level of equilibrium.
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On September 1, 2021, Hiker Shoes issued a $100,000, 8-month, noninterest-bearing note. The loan was made by Second Commercial Bank where the stated discount rate is 11% Hiker's effective interest rate on this loan (rounded) is: ____________
Answer: 11.87%
Explanation:
Effective interest rate on this loan is:
= Interest payment / (Note - Interest payment) * 12/8 months
Interest payment:
= Note * Interest rate * 8/12 months
= 100,000 * 11% * 8/12
= $7,333
Effective interest:
= 7,333 / (100,000 - 7,333) * 12/8
= 11.87%
In an unrelated acquisition, if five firms are interested in acquiring a firm and each of the bidding firms had a current market value of $30,000 while the current market value of the target firm is $20,000, this acquisition is likely to generate economic profits of ________ for the acquiring firm.
Answer:
It is not possible to determine the economic profits that the acquiring firm will generate from the acquisition based on the information provided.
The economic profits of an acquisition depend on various factors such as the price paid for the target firm, the synergies and efficiencies that can be realized by combining the two firms, and the potential growth and profitability of the target firm in the future.
In this scenario, it is only stated that five firms are interested in acquiring a firm with a current market value of $20,000, and each bidding firm has a current market value of $30,000. This information alone does not provide enough detail to calculate the expected economic profits for the acquiring firm.
Therefore, additional information such as the final acquisition price and other factors that could impact the acquisition's profitability would be needed to determine the economic profits generated by the acquisition.
Explanation:
Robinson Crusoe can gather 10 coconuts or catch 1 fish per hour. His friend Friday can gather 30 coconuts or catch 2 fish per hour. What is Crusoe’s opportunity cost of catching 1 fish? What is Friday’s? Who has an absolute advantage in catching fish? Who has a comparative advantage in catching fish?
Answer:
Crusoe's opportunity cost of catching 1 fish is 10 coconuts, since he can either catch 1 fish or gather 10 coconuts in 1 hour. Friday's opportunity cost of catching 1 fish is 15 coconuts, since he can either catch 1 fish or gather 30 coconuts in 2 hours. Friday has an absolute advantage in catching fish, since he can catch twice as many fish as Crusoe in the same amount of time. However, Crusoe has a comparative advantage in catching fish, since his opportunity cost of catching 1 fish is lower than Friday's.
Explanation:
true or false. Indemnification is protection for owners and officers of a corporation against personal liability, so long as they are acting in their official capacity and reasonably?
Answer:
true
Explanation:
I've had this question
Find the present value that will grow to $45,000 if interest is 3.6% compounded monthly for 1 year.
Answer:
43,411.15
Explanation:
The formula for compound interest is
A = P(1 +I) ^n
From the question,
A = 45,000
P = Unknown
I = 0.036 ÷ 12
n = 1 * 12
Therefore,
45,000 = P(1 +0.036/12) ^1 *12
45,000 = P(1.003)^12
45,000 = 1.0365998P
P = 43,411.15
DESCRIBE THE FUNCTIONS OF
PRELIMINARY DATA GATHERING?
Preliminary data gathering involves collecting and analyzing relevant information to establish a foundation for research or decision-making, including identifying objectives, assessing data availability, etc.
What are the Functions of Preliminary Data Gathering?Preliminary data gathering encompasses the initial acquisition and evaluation of pertinent information, serving as a basis for research or decision-making. It aids in defining project scope, goals, and needs, while also assessing data availability and quality.
This stage assists researchers and decision-makers in gaining insights, assessing project feasibility, recognizing potential obstacles, and formulating a strategic plan for subsequent data collection and analysis.
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FILL THE BLANK Another factor influencing business ethics is _____, or what is fair according to prevailing standards of society.
Another factor influencing business ethics is "fairness"or what is fair according to prevailing standards of society. Fairness is an important component of business ethics.
It helps to ensure that companies are treating their stakeholders - including employees, customers, shareholders, and the broader community - in an equitable and just manner. Business practices that are perceived as unfair, whether in terms of pricing, labor practices, or environmental impact, can lead to reputational damage, legal and regulatory scrutiny, and a loss of trust among consumers and other stakeholders. Therefore, it is important for companies to consider the concept of fairness when making ethical decisions and to align their practices with prevailing social standards.
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. Explain the role of money in specialisation and division of labour
Answer:Money plays a crucial role in the process of specialization and division of labor. As an economy grows, the division of labor becomes more complex, and people begin to specialize in specific skills and trades. Specialization and division of labor increase productivity and efficiency, which leads to economic growth. Money facilitates the exchange of goods and services between people who have specialized in different areas.When people specialize in specific skills or trades, they produce goods or services that are unique and valuable. Money allows them to exchange these goods and services with other people who have specialized in different areas. This exchange of goods and services is made possible by the use of money, which serves as a medium of exchange. Without money, people would have to rely on bartering, which would be difficult and inefficient.Moreover, money encourages further specialization and division of labor. When people are able to earn money by specializing in a particular skill or trade, they are more likely to continue doing so. This creates a positive feedback loop, leading to increased specialization, higher productivity, and economic growth.In summary, money plays a critical role in the process of specialization and division of labor by facilitating the exchange of goods and services between people who have specialized in different areas. Money encourages further specialization and division of labor, leading to higher productivity, efficiency, and economic growth.
Explanation:
Employers can attract employees by offering
a. better health benefits
b. flexible working hours
C. longer vacation periods
d. all of the above
Answer:
D ALL OF THE ABOVE
Explanation:
Describe four ways in which the government creates an enabling business environment.
(4 mks)
Answer:
Provision of credit facilities at favourable rates.
Ensuring political stability and good will.
Training and educating the population to create a pool of skilled manpower.
Marketing of final products for producers.
which of the following is a collaboration of software
Answer:
I dont see anything
Explanation:
If the cost of producing tables increases causing the price of tables to increase, consumer surplus in the table market
will…
If the cost of producing tables increases causing the price of tables to increase, then, the consumer surplus in the table market will decrease.
What is a consumer surplus?Basically, the consumer surplus is also called the social surplus and consumer’s surplus. In economist view, the consumer surplus refers to the difference between the price a consumer pays for an item and the price he would be willing to pay rather than do without it.
Based on the law of correspondence, whenever the the cost (of producing tables) increases causing the price of tables to increase, then, the consumer surplus in the table market will decrease.
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See an example of some university project that presented some accounting student who spoken of a company or corporation that the audited statements, the general balance, the state of results for two years comparative in the United States and that are available before the previous ones for the public and that speaks what are the objectives of the company to include the industry that operate in the main source of income, capitalization (capital, bonds, etc.) and any debt of responsibility and prepare a financial prognosis of the company using the company using the Information from the audited financial statements or the annual report of the company. The financial prognosis must discuss its interpretation of how the business will work in relation to current events and market conditions.5 Prepare one or two weeks of simulated transactions that is typical for the company (such as salary purchases, sales, etc. ) These transactions must be congruent to the nature of the company you choose. Prepare source supporting documents, such as invoice and title documents, etc. 6 PERIODE THE TRANSATIONS USING THE GENERAL MAGAZINE AND PUBLISH TO THE BOARD AND PREPARE A TEST BALANCE. Support the document with the General Audited Balance and the Income States of your investigation.
Here is an example of a university project for an accounting student that involves analyzing a company's financial statements, preparing a financial prognosis, and simulating transactions:
Title: Financial Analysis and Prognosis of XYZ Corporation
1.Introduction:
Briefly introduce XYZ Corporation, its industry, and its main source of income.
Discuss the objectives of the company, such as growth, profitability, and market share.
2.Analysis of Audited Financial Statements:
Present the audited financial statements (balance sheet and income statement) for two years in a comparative format.
Analyze key financial ratios, trends, and performance indicators.
Discuss the company's capitalization structure, including capital, bonds, and any outstanding debts.
Evaluate the company's financial health, liquidity, solvency, and profitability.
3.Financial Prognosis:
Utilize the information from the audited financial statements and annual report to prepare a financial prognosis for the company.
Consider current events and market conditions that may impact the company's future performance.
Interpret how the business is expected to perform in terms of revenue, expenses, profitability, and potential risks.
4.Simulated Transactions:
Prepare one or two weeks of simulated transactions that are typical for XYZ Corporation, such as salary payments, purchases, and sales.
Ensure that the nature of the transactions aligns with the company's operations and industry.
Include supporting documents for each transaction, such as invoices, receipts, and title documents.
5.Recording and Posting Transactions:
Use a general journal to record the simulated transactions chronologically.
Post the transactions to the general ledger accounts.
Prepare a trial balance to ensure that the debits and credits are in balance.
6.Comparison with Audited Financial Statements:
Compare the simulated transactions and the resulting trial balance with the audited financial statements.
Discuss any discrepancies or variations observed.
Analyze the impact of the simulated transactions on the financial position and performance of the company.
7.Conclusion:
Summarize the findings from the financial analysis, prognosis, and simulated transactions.
Provide insights into the company's strengths, weaknesses, and potential opportunities.
Discuss the limitations of the analysis and suggest areas for further research or improvement.
Remember to adapt this example to the specific company and industry chosen for the project, and ensure that the financial analysis and prognosis are based on accurate and relevant information.
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A person who is following GAAS standards is most likely a(n)
O A. auditor
OB. CPA
O C. lawyer.
OD. assessor
auditor or assessor is the correct answer
Answer:
A. auditor
Explanation:
Almost got it wrong
What will be the inventory Cost that was valued at 286000 valued at
.And obsolete cost is 8400