ACC 425 3-2 Final Project - Prepare Informational Questions.

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Please send to my email add: Mhardzpurple@yahoo.com Name Date Email Add: CHAPTER 1 TEN-MINUTE QUIZ Circle the letter of the best response. 1. The primary objective of financial reporting is to provide information A. In an ethical manner. B. To the professional accounting associations. C. To people outside the company for making decisions. D. Useful to managers in making daily decisions. It is vital that company accountants and their auditors behave in a(n) A. professional 2. manner. B. ethical C. prudent D. elitist 3. Which of the following statements is false? A. The proprietorship form of business organization protects the personal assets of the owners from creditors of the business. B. A proprietorship has a single owner. C. Accounting is the information system that measures business activities, processes that information into reports, and communicates the results to decision makers. D. The Accounting Standards Board sets the rules for how accounting is practised in Canada. 4. Level…

Mistake v. Fraud This assignment aligns with Outcome 5: Examine the role of the forensic accountant as litigation support in expert testimony. Lindsay Smith is a doctor who has owned her own practice for ten years. The practice is successful and sees several new clients each month. With the practice’s anticipated growth, Lindsay hired an in-house bookkeeper in year two. The bookkeeper has been responsible for the daily, monthly, and annual accounting transactions. The subsequent financial statements are then sent to a local accounting firm for annual tax preparation. Lindsay believed she could charge all expenses to one credit card and they would be categorized into the correct expense accounts. She failed to communicate with her bookkeeper that a large number of personal expenses, including her car payment, personal grocery trips, meals, and family vacations were included on the credit card. Her bookkeeper, under the assumption all credit card charges were related to business…

Mistake v. Fraud This assignment aligns with Outcome 5: Examine the role of the forensic accountant as litigation support in expert testimony. Lindsay Smith is a doctor who has owned her own practice for ten years. The practice is successful and sees several new clients each month. With the practice’s anticipated growth, Lindsay hired an in-house bookkeeper in year two. The bookkeeper has been responsible for the daily, monthly, and annual accounting transactions. The subsequent financial statements are then sent to a local accounting firm for annual tax preparation. Lindsay believed she could charge all expenses to one credit card and they would be categorized into the correct expense accounts. She failed to communicate with her bookkeeper that a large number of personal expenses, including her car payment, personal grocery trips, meals, and family vacations were included on the credit card. Her bookkeeper, under the assumption all credit card charges were related to business…

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Question 3- PART A REQUIREMENT Discuss the difference between the Management Letter and the Legal Representation Letter PART B QUESTIONKLB plc is one of your audit clients for the previous 8 years. The following information are available. The audit team included a manager and two juniors. The client was asking to finish the audit work early this year otherwise they are going to change the auditor next year. One-week bonus was paid to the audit team through their payroll as the client was happy that they finished auditing 5 days earlier than the planned audit time. The audit team got 10% discounts on the client’s products. The same discount is normally given to the client’s staff. Your firm offered this client a bookkeeping service for this year. To reduce the audit cost, the engagement letter was not updated this year as there is no big changes in the audit tasks from last year. Audit fees are based on a percentage of the net profit before tax. One of the audit team received an offer…

I. Classroom > docs.google.com EE Untitled Section resented below is information related to Alrand firm.Oct. 1 Arnold Conan begins business as a real estate agent with a cash investment of£18,000 in exchange for shares. 2 Hires an administrative assistant. 3 Purchases office equipment for £1,700, on account. 6 Sells a house and lot for B. Clinton; bills B. Clinton £4,200 for realty services performed. 27 Pays £900 on the balance related to the transaction of October 3. 30 Pays the administrative assistant £2,800 in salary for October. Instructions 1- Journalize the transactions. 2-The T- accounts below summarize the ledger إضافة ملف

Can I please ge thelp with this question? Required information Skip to question   [The following information applies to the questions displayed below.] Franklin Training Services (FTS) provides instruction on the use of computer software for the employees of its corporate clients. It offers courses in the clients’ offices on the clients’ equipment. The only major expense FTS incurs is instructor salaries; it pays instructors $6,000 per course taught. FTS recently agreed to offer a course of instruction to the employees of Novak Incorporated at a price of $700 per student. Novak estimated that 20 students would attend the course. Base your answers on the preceding information.   The instructor has offered to teach the course for a percentage of tuition fees. Specifically, the instructor wants $300 per person attending the class. Assume that the tuition fee remains at $700 per student. Is the cost of instruction a fixed or a variable cost? Determine the profit, assuming that 20…

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Hello, This is an accounting question having to do with contingency and provision liability and journal entry required (no taxation)..... Thank you If data is missing, please include specifics in rejection note.

help please answer in text form with proper workings and explanation for each and every part and steps with concept and introduction no AI no copy paste remember answer must be in proper format with all working

Check my The following transactions took place at the Cook Employment Agency during November 20X1. DATE TRANSACTIONS 5 Performed services for Job Search, Inc., for $40,000; received $19,000 in cash and the client promised to pay the balance in 60 days. 18 Purchased a graphing calculator for $425 and some supplies for $575 from office Supply; issued Check 1008 for the total. 23 Received Invoice 1602 for $2,100 from Automotive Technicians Repair for repairs to the firm's automobile; issued Check 1009 for half the amount and arranged, to pay the other half in 30 days. Nov. Prepare journal entries for the above transactions. View transaction list

Question 3 - PART A REQUIREMENT   Discuss the difference between the Management Letter and the Legal Representation Letter   PART B - QUESTION B. KLB plc is one of your audit clients for the previous 8 years. The following information are available. The audit team included a manager and two juniors. The client was asking to finish the audit work early this year otherwise they are going to change the auditor next year. One-week bonus was paid to the audit team through their payroll as the client was happy that they finished auditing 5 days earlier than the planned audit time. The audit team got 10% discounts on the client’s products. The same discount is normally given to the client’s staff. Your firm offered this client a bookkeeping service for this year. To reduce the audit cost, the engagement letter was not updated this year as there is no big changes in the audit tasks from last year. Audit fees are based on a percentage of the net profit before tax. One of the audit team received…

Exercise 6-6A (Static) Which form(s) should be prepared and filed by companies with employees and payroll tax liabilities exceeding $50,000 as of December 31, 20XX? (You may select more than one answer. Single click the box with the question mark to produce a check mam for a correct answer and double click the box with the question mark to empty the box for a wrong answer. Any boxes left with a question mark will be automatically graded as incorrect.) W F2 ?Form W-2 ? Form 941 ?Form W-4 ?Form 940 # 3 E JUL 15 80 F3 $ 4 R Q F4 % 5 * 8 DII F8 1 ( 9 A F9 0 ) 0 2 J F10 J K L P 4 F11 A + { 4) ( F12

I need help with this please for my accounting 1 class