
a.
Explain a possible liability that can be uncovered from minutes of the board of director’s meeting and also the
b.
Explain a possible liability that can be uncovered from land and building and also the audit procedure to uncover it
c.
Explain a possible liability that can be uncovered from Rent expenses and also the audit procedure to uncover it.
d.
Explain a possible liability that can be uncovered from Interest expenses and also the audit procedure to uncover it.
e.
Explain a possible liability that can be uncovered from Cash surrender value of life insurance and also the audit procedure to uncover it.
f.
Explain a possible liability that can be uncovered from Cash in Bank and also the audit procedure to uncover it.
g.
Explain a possible liability that can be uncovered from officer’s travel and entertainment expense and also the audit procedure to uncover it.

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Chapter 19 Solutions
Auditing and Assurance Services, Student Value Edition (16th Edition)
- hi tutor provide answer General accounting questionarrow_forwardHow many units were completed?arrow_forwardIn the month of September, a department had 9,500 units in beginning work in process that were 60% complete. During September, 28,500 units were transferred into production from another department. At the end of September, there were 5,500 units in ending work in process that were 50% complete. Materials are added at the beginning of the process, while conversion costs are incurred uniformly throughout the process. A. The equivalent units of production for materials in September were __. B. The equivalent units of production for conversion costs for September were __.arrow_forward
- Burson Enterprises' May 31 bank reconciliation shows deposits in transit of $850. The general ledger Cash in Bank account shows total cash receipts during June of $48,500. The June bank statement shows total cash deposits of $44,300 (including $1,500 from the collection of a note; the note collection has not yet been recorded by Burson). What amount of deposits in transit should appear in the June 30 bank reconciliation?arrow_forwardComputer the production cost per unit under variable costingarrow_forwardPlease provide problem with accountingarrow_forward
- General accounting questionarrow_forwardJob 528 was one of the many jobs started and completed during the year. The job required $11,200 in direct materials and 40 hours of direct labor time at a total direct labor cost of $12,600. If the job contained five units and the company billed at 65% above the unit product cost on the job cost sheet, what price per unit would have been charged to the customer?arrow_forwardCalculate the net cash provided by operating activities of this financial accounting questionarrow_forward
- Auditing: A Risk Based-Approach (MindTap Course L...AccountingISBN:9781337619455Author:Karla M Johnstone, Audrey A. Gramling, Larry E. RittenbergPublisher:Cengage LearningAuditing: A Risk Based-Approach to Conducting a Q...AccountingISBN:9781305080577Author:Karla M Johnstone, Audrey A. Gramling, Larry E. RittenbergPublisher:South-Western College Pub

