Answer:
-Auditor
Explanation:
The auditor is responsible for conducting an independent examination of the financial statements and records of the company. he or she checks whether the company follows the accounting principles, norms, etc as prescribed and according to that he or she give the qualified or unqualified report
Therefore as per the given situation, the option a is correct
Answer:
Journal Entry
Dr. Contingent Consideration Liability $500,000
Cr. Goodwill $500,000
Explanation:
It is assumed that the decline in the fair value is the correction of the acquisition entry. It means due to this event the consideration liability and goodwill are overstated we need to rectify the balances.
Hence,
The contingent consideration liability will be debited to reduce the liability and goodwill will also be decreased by crediting the goodwill account.
Answer:
A. the labor system would be as close to slavery as possible, thereby assuring high productivity.
Explanation:
The Reconstruction - era of northern version was clearly impacted on Slavery.
As the main objective of such reconstruction was to remove slavery at maximum. And with the end of such reconstruction era there was an end to slavery.
Accordingly, new constitutional rights to people earlier under slavery were provided.
Now, therefore, statement a in the given instance which provides for close relation between labor system and slavery is incorrect.
Incorrect Statement is:
A. the labor system would be as close to slavery as possible, thereby assuring high productivity.
Answer: Equity financing
Explanation:
When using Equity financing, the owners of the business are investing either their personal assets into the company or selling shares in the company and raising money from that.
Equity financing gives the person who invested an ownership portion in the company. The main difference between equity financing and leveraged financing is that with equity financing, you are not forced to make payments to the investors every period.
