There are three general services public accountants offer. List and briefly describe each.
What will be an ideal response?
Auditing: the review of financial statements to assess their fairness and adherence to GAAP. Tax accounting: tax compliance-dealing with the preparation of tax returns and the audit of those returns, and tax planning. Also giving advice to clients on how to structure their financial affairs in order to reduce their tax liability.
Management advisory services: helping clients improve their information systems or their business performance.
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Which of the following recognizes that team performance over the course of the life of the team is not always linear and performance does not always increase over time?
A. team performance curve B. team charter C. nonlinear team development model D. synergy
The tasks of reviewing and refining the manner in which we have classified risks for the project, determining if there are commonalities across the various risks we have uncovered are performed in the ________ of the project risk analysis and
management model. A) structure step B) ownership step C) define step D) plan step
Which of the following statements is true of government securities?
A. They pay their holders a stated rate of interest after the securities mature. B. The interest income earned on municipal bonds is subject to federal income taxes. C. The biggest single issuer of government securities is the federal government. D. They are IOUs issued to government entities when corporate entities borrow money.
Wytch Corporation bases its budgets on machine-hours. The company's static planning budget for February appears below:?Budgeted number of machine-hours 6,000Budgeted variable costs:?? Supplies (@ $6.90 per machine-hour)$41,400 Power (@ $3.70 per machine-hour) 22,200Budgeted fixed costs: Salaries 51,600 Equipment depreciation 26,400Total expense$141,600?Required:?Prepare a flexible budget for 6,400 machine-hours per month.
What will be an ideal response?