PROFILES OF ADMIRABLE INDIVIDUALS INSTRUCTIONS: Analyze the given scenarios and answer the following items. Answers must be justified in accordance with the following: • Identify the type of business; • Distinguish the accounting standards applicable for the identified business; and • Identify the type of practice the CPA is engaged in. PROFILE 1 Mr. Janard Lindio is the owner of Clifford Construction Company. Ms. Regine Joy Develos, a CPA working for Mr. Lindio, is tasked to do things such as financial reporting and analysis. She constantly reviews the source documents and makes sure that the financial statement serves its purpose.
PROFILES OF ADMIRABLE INDIVIDUALS INSTRUCTIONS: Analyze the given scenarios and answer the following items. Answers must be justified in accordance with the following: • Identify the type of business; • Distinguish the accounting standards applicable for the identified business; and • Identify the type of practice the CPA is engaged in. PROFILE 1 Mr. Janard Lindio is the owner of Clifford Construction Company. Ms. Regine Joy Develos, a CPA working for Mr. Lindio, is tasked to do things such as financial reporting and analysis. She constantly reviews the source documents and makes sure that the financial statement serves its purpose.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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PROFILES OF ADMIRABLE INDIVIDUALS
INSTRUCTIONS: Analyze the given scenarios and answer the following items. Answers must be justified in accordance with the following:
• Identify the type of business;
• Distinguish the accounting standards applicable for the identified business; and
• Identify the type of practice the CPA is engaged in.
PROFILE 1
Mr. Janard Lindio is the owner of Clifford Construction Company. Ms. Regine Joy Develos, a CPA working
for Mr. Lindio, is tasked to do things such as financial reporting and analysis. She constantly reviews the
source documents and makes sure that the financial statement serves its purpose.
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