Engagement to report on one basic financial statement
    Raven-59294 - 09/5/2018, 4:36 pm
    What's the opinion or response to the fourth option (engagement of the auditor to report on only one basic financial statement)?
    What happened in this scenario?
    Raven-59294 - 09/5/2018, 4:16 pm
    What necessitated the auditor to emphasize the significant debts in this scenario?
    Other scenarios an auditor may refer a specialist's work?
    Raven-59294 - 09/5/2018, 4:11 pm
    What are other scenarios that an auditor may refer to a specialist's findings in the audit report?
    Capital Assets
    Richard-67981 - 09/2/2018, 3:19 pm
    I've always viewed buildings and equipment owned by a cop oration as capital assets. The answer to a review question on this topic stars that capital assets are limited to investments in stocks and bonds and land purchased for appreciation. Any thoughts?
    Relevant Range
    Dana_W - 09/1/2018, 2:55 pm
    Not sure I understand this question. Gleim says "Within the relevant range, per-unit variable costs and fixed costs do not change." But this question as written says fixed costs within the relevant range will "decrease as volume increases."
    When were the taxes paid?
    Jon-13129 - 08/31/2018, 1:11 pm
    The statute of limitations is three years from the due date of the return or two years from the date the tax was paid, whichever is later. None of these answers mention anything about when the tax was paid.
    number of payments
    Jon-13129 - 08/30/2018, 7:22 pm
    If Hannah started the firm in January but doesn't pay the employees until the fifteenth of the following month, then wouldn't she have only made 11 payments during the year?
    Why increase in ownership equity?
    Raven-59294 - 08/30/2018, 7:38 am
    Why not reduction of existing credit lines? Why is the answer increase in ownership equity?
    Timing of Construction
    Diana-11007 - 08/29/2018, 1:17 pm
    On the exam would they provide the exact timing on when the walls are constructed? Here I assumed 1/2 year since it was purchased Jan 1. and would take time to construct the walls.
    Total dividend amount
    Diana-11007 - 08/28/2018, 9:18 pm
    It looks like the answer key reports total dividents of $90K, but should be $100K
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