During your audit of Brown Company you are trying to determine whether all accounts payable were recorded. Which assertion are you gathering evidence for?
a. Occurrence.
b. Presentation and Disclosure..
c. Completeness.
d. Valuation or allocation.
c
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Janos Corporation, which has only one product, has provided the following data concerning its most recent month of operations: Selling price$111 Units in beginning inventory 300Units produced 2,000Units sold 2,200Units in ending inventory 100 Variable costs per unit: Direct materials$29Direct labor$30Variable manufacturing overhead$4Variable selling and administrative expense$9Fixed costs: Fixed manufacturing overhead$34,000Fixed selling and administrative expense$39,600The company produces the same number of units every month, although the sales in units vary from month to month. The company's variable costs per unit and total fixed costs have been constant from month to month.What is the unit product cost for the month under variable costing?
A. $80 per unit B. $89 per unit C. $72 per unit D. $63 per unit
Even well-intentioned negotiators can make three common mistakes, one is failing to negotiate when they should. What are the other two common mistakes?
What will be an ideal response?
The amount of federal income taxes withheld from an employee's gross pay is recorded as a:
A) payroll expense. B) contra account. C) current asset. D) current liability.
Which of the following is the best conclusion for an oral presentation?
A) That's all I have for today. B) To ensure that all employees are able to interact effectively with our diverse customers, I encourage you to approve this diversity training program. C) Thank you from the bottom of my heart for being here today. D) Before I conclude, let me add two more important points.