Contemporary Auditing
Contemporary Auditing
11th Edition
ISBN: 9781305970816
Author: Michael C. Knapp
Publisher: Cengage Learning
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Whats a good response to this post? Comparing USA to Germany and Japan Hofstede's dimensions include Power, Distance, Individualism, Masculinity, Uncertainty Avoidance, Long-Term Orientation and Indulgence. Power: USA 40, Germany 35, Japan 54 The USA and Germany have relatively low scores, indicating a preference for equality and decentralized power structures. Japan's score suggests a more Hierarchical society with greater acceptance of unequal power distribution.  IDV: USA 91, Germany 67, Japan 46 The USA scores very very high, reflecting a strong emphasis on individual rights. Germany also values IDV but to a lesser extent while Japan has the lowers store, showing more collectivism, emphasizing group harmony and loyalty. MAS, USA 62, Germany 66, Japan 95 All three have pretty high scores but Japan outranks. Indicating a strong focus on competition, achievement and success. UAI: USA 46, Germany 65, Japan 92 The USA has a low score, suggesting a higher tolerance for ambiguity and…
Whats a good response and question to ask to this post? The county that I am choosing to expand to is Denmark. Below is a brief overview of their political, economic, and legal systems. Political System Denmark is a Constitutional Monarchy. Their chief of state is the Queen and their head of government is the Prime Minister. The government is broken up into three branches, the executive branch, judicial branch, and legislative branch. Economic System Denmark is a developed country with a high income. Not much is able to sway Denmark. Unlike most countries, when Covid was wreaking havoc all over the world, their economy recessed by only 2% in 2020 and continued on to jump back up by 3.8% by 2022. They also have a very low unemployment rate of only 2.7%. Legal System Denmark operates by a civil law system with roots in Germanic Law. They have a medium corruption score of 88 out of 200. Denmark has a great business perspective overall. The only part that I would question is, how would the…
Problem 3-2B Preparing adjusting and subsequent journal entries P1 P2 P3 P4 Natsu Company's annual accounting period ends on October 31. The following information concerns the adjusting entries that need to be recorded as of that date. Entries can draw from the following partial chart of accounts: Cash; Accounts Receivable; Office Supplies; Prepaid Insurance; Building; Accumulated Depreciation- Building; Salaries Payable; Unearned Revenue; Rent Revenue; Salaries Expense; Office Supplies Expense; Insurance Expense; and Depreciation Expense-Building. a. b. c. d. e. f. The Office Supplies account started the fiscal year with a $600 balance. During the fiscal year, the company purchased supplies for $4,570, which was added to the Office Supplies account. The supplies available at October 31 totaled $800. The Prepaid Insurance account had a $12,000 debit balance at October 31 before adjusting for the costs of any expired coverage for the fiscal year. An analysis of prepaid insurance shows…
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