Write a 3–4 page paper in which you: Analyze the audit report that the CPA firm issued. Ascertain the legal liability to third parties who relied on financial statements under both common and federal securities laws. Justify your response. Speculate on which statement of generally accepted auditing standards (GAAS) that the company violated in performing … Read more
The principal purpose of managerial accounting is to deliver information useful for management decision-making. Many of the techniques used in managerial accounting are useful for decisions in your everyday life. In choosing whether to take an online course or a traditional face-to-face course, how might you use planning, controlling, and evaluating in your decision-making process? What … Read more
In-class task #3 Interocean Shipping uses the perpetual inventory system. The following transactions took place during January 2021. Date Units Unit Cost Jan. 1 Opening Inventory 100 $1 7 Purchase #1 10 $2 9 Sale #1 80 21 Purchase #2 20 $3 24 Sale #2 40 Required: … Read more