ANOVA – 2 factorial.xlsx
Discussion BoardDescribe how the following transactions would affect U.S. exports, imports, and net exports: Students in Prague flock to see the latest movie from Hollywood.Mrs. Jones in Philadelphia
S. exports, imports, and net exports:
Students in Prague flock to see the latest movie from Hollywood.
Mrs. Jones in Philadelphia buys a new Volvo.
The student bookstore at Oxford University in England sells a copy of a U.S. printed/authored textbook
A Canadian citizen shops at a store in northern Vermont to avoid Canadian sales taxes.
An American art professor spends the summer touring museums in Europe.
List the 5 primary financial statement audit reports
Answer the following questions about your audit findings:
List the 5 primary financial statement audit reports and explain when they are used.
Are comparative reports required by Generally Accepted Accounting Principles (GAAP)?
With nonpublic companies, audits are not required, but they are often requested. This results in reviews and compilations.
What is included in a review?
What is included in a compilation?
Describe the recoverability test and how it is used
1. Please describe audit tests that you would perform for additions and retirements to fixed assets and depreciation expense (one for each category).
2. Does it make a difference if the company does an annual physical inventory of assets?
3. Describe 3 internal control procedures that you feel are the most important for fixed assets and what impact they would have on your audit.
4. Define asset impairment and the key issues that would need to be addressed within your audit if you encounter asset impairment.
5. Describe the recoverability test and how it is used.
Discussion Board What insight does ROI give into investment performance? Is it acceptable to lose profit on one product, if that product is vital to the sale of an extremely profitable product? Why?
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