Answer: C - Valuation & Allocation
Explanation: Auditors review of a company's shipping documents & invoices is to ascertain the correctness of the figures in the financial statement.
Auditors will have to value the transaction using the invoices and other documents available for the transaction and to to verify that the costs are allocated correctly.
B) identify job leads and set up interviews
Answer:
Variable manufacturing overhead spending variance= $2,000 favorable
Explanation:
<u>First, we need to calculate the predetermined overhead rate:</u>
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Predetermined manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base
Predetermined manufacturing overhead rate= 2,400,000 / 240,000
Predetermined manufacturing overhead rate= $10 per machine hour
<u>To calculate the variable overhead spending variance, we need to use the following formula:</u>
<u></u>
Variable manufacturing overhead spending variance= (standard rate - actual rate)* actual quantity
Variable manufacturing overhead spending variance= (15 - 214,000/21,600)*21,600
Variable manufacturing overhead spending variance= $2,000 favorable
Answer:
$170 million
Explanation:
First we must calculate the implied fair value of goodwill:
fair value of goodwill = Sanchez's fair value - Sanchez's asset valuation = $1,020 million - $900 million = $120 million
impairment loss = recorded goodwill - fair value of goodwill = $290 million - $120 million = $170 million
An impairment loss is a loss generated by the decline of an asset's fair value.
Answer:
How did Carter plan to achieve his goals regarding the hostages?
Check all of the boxes that apply.
Convince Iran that the real danger was the Soviet Union, not the United States.
Team up with Iraq to invade Iran.
Get help from other countries to express disapproval of Iran’s actions.
Send many troops in to free the hostages at any cost.
Explanation:
How did Carter plan to achieve his goals regarding the hostages?
Check all of the boxes that apply.
Convince Iran that the real danger was the Soviet Union, not the United States.
Team up with Iraq to invade Iran.
Get help from other countries to express disapproval of Iran’s actions.
Send many troops in to free the hostages at any cost.