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in every audit engagement the auditors should identify fraud risks that may require an audit response described below
cupola fan corporation issued 14 440000 10-year bonds for 421000 on june 30 2016 debt issue costs were 1900 interest is
on february 20 2014 barbara brent inc purchased a machine for 1500000 for the purpose of leasing it the machine is
carter company reported the following financial numbers for one of its divisions for the year average total assets of
reliance corporation sold 4900 units of its product at a price of 24 per unit total variable cost per unit is 1300
red and white company reported the following monthly data units produced 3700 units sales price 42 per unit direct
gelbart company manufactures gas grills fixed costs amount to 22896900 per year variable costs per gas grill are 315
on january 1 2008 bensen company leased equipment to flynn corporation the following information pertains to this
in smith inc rachel robertson wishes to use mean-per-unit sampling to evaluate the reasonableness of the book value of
last year the diamond manufacturing company purchased over 10 million worth of office equipment under its ldquospecial
wrangle western has some of its jeans stone washed under a contract with independant us garment corp if us garments
you just bought a new jeep wrangler and secured dealer financing for 26500 over 60 months at an interest rate of 10 per
partially correct answer your answer is partially correct try again grouper company has been operating for several
on january1 2012 aspen company acquired 80 percent of birch companys outstanding voting stock for 352000 birch reported
calistoga produce estimates bad debt expense at frac12 of credit sales the company reported accounts receivable and
chez fred bakery estimates the allowance for uncollectible accounts at 3 of the ending balance of accounts receivable
brush industries reports the following information for may sales 950000 fixed cost of goods sold 110000 variable cost
yumminess has asked jordon and taylor to consider making extra attack brownies and nutty attack brownies in addition to
squires inc was organized on january 2 2014 with authorized capital stock consisting of 40000 shares of 10 200 par
a problem of price sue jones sat at her desk reflecting on a pricing problem sue was a graduate of state university
use the following information to determine the break-even point in units rounded to the nearest whole unit unit sales
create inc produces inventory in its foreign manufacturing plants for sale in the united states its foreign
union local school district has bonds outstanding with a coupon rate of 32 percent paid semiannually and 23 years to
hayes inc provided the following information for the year 2015 beginning inventory 200 units units produced 850 units