Admission of partner:changes in the membership of
To choose:the correct answer to determine contribution of new partner.
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Chapter 15 Solutions
ADVANCED FINANCIAL ACCOUNTING IA
- Fraud Triangle The three elements of the fraud triangle are motive, opportunity, and rationalization. Individuals are motivated to commit fraud when these three elements come together: (1) some kind of perceived pressure, (2) some perceived opportunity, and (3) some way to rationalize the fraud as not being inconsistent with one's values. Please respond to the following in a discussion post: When looking at the evidence of fraud, describe the Who, What, Where, When, How, that contribute to the elements of the triangle of fraud action: the act, concealment, and conversion and its role in antifraud and forensic accounting investigations. Be sure to respond to at least one of your classmates' posts.arrow_forwardGeneral accountingarrow_forwardQuestionarrow_forward
- What's the Solution?arrow_forwardAakash Tech Ltd. has projected revenues of $12 billion, a gross profit margin of 60%, and projected SG&A expenses of $3 billion. What is the company's operating (EBIT) margin? correct answerarrow_forwardAakash Tech Ltd. has projected revenues of $12 billion, a gross profit margin of 60%, and projected SG&A expenses of $3 billion. What is the company's operating (EBIT) margin?arrow_forward
- Principles of Accounting Volume 1AccountingISBN:9781947172685Author:OpenStaxPublisher:OpenStax College