Answer:
The options are given below:
A. By obtaining the most recent letter of credit from the entity's primary financial institution.
B. By consulting the AICPA guides, industry publications, or individuals knowledgeable about the industry.
C. By researching the entity's internet site and searching for current press releases.
D. By reviewing the predecessor accountant's work papers without the knowledge of the entity.
The correct option is B.
Explanation:
The AICPA (American Institute of Certified Public Accountants) refers to the association which develops and scores the Uniform Certified Public Accountants examination. The main purpose of the AICPA is financial accounting, therefore, the association will possess information about an industry in its guides.
The accountant can consult industry publications, as this is bound to possess information regarding the industry. Also, the accountant can consult individuals knowledgeable about the industry.
Answer:
<em>Define the problem to be examined. </em>
In order to respond to a problem, one should find out what the underlying problem is about an area of concern, a situation to be changed, a problem to be removed, or a disturbing topic which occurs in academic literature, in theory, or in practice which points to the need for deeper understanding and careful study.
Answer:
Therefore, the Salary that Gander Corporation Pay Patrick during the Period without Negative Tax effects is $15,000.
Explanation:
Calculation of the Salary that Gander Corporation Pay Patrick during the Period:
December 1 through December 31 of the Current Year is One Month, They have to Pay 1/12 of the following year tax:
The salary for the deferral period (December 1 through December 31) must be at least proportionate to the employee’s salary received for the fiscal year.
Gander Corporation must pay the amount to Patrick during the Period December 1 through December 31, to permit the continued use of its fiscal year without negative tax effects is as follows,
$180,000 *1/12 = $15,000
<h2>"Social audit documents" will give Katelyn the information about how socially the company has involved to protect the planet and people.</h2>
Explanation:
Let us understand what a social audit is.
- It is an official evaluation about the involvement in social responsibility projects by the organization.
- It creates an impact on the governance.
- This prevents public relations crises associated with ethical or legal misconduct.
- Narrow gaps between vision and reality.
- It enters into action when there is no equal employment opportunity, when the environmental quality gets affected, etc.
The social activities that it includes are:
- volunteer events
- work environment
- employees wages
- utilization of energy
- charitable contributions