How do I figure out the Tolerable Misstatement? The cash for 2009 is $48,978 and the unaudited
Question:
How do I figure out the Tolerable Misstatement? The cash for 2009 is $48,978 and the unaudited trial balance is 79,359. I'm not sure what percentage to use to come up with the right answer and am totally lost. Please help! Thank you
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 62% (8 reviews)
tr msoheightsourceauto col msowidthsourceauto br msodataplacementsamecell style47 msonumberformat00220022 00000220022 00000220022 00220022 msostylenameCurrency msostyleid4 style0 msonumberformatGenera...View the full answer
Answered By
Kennedy Odhiambo
As a professional writer, I have been in the field for over 5 years having worked as a lecture in different tertiary institutions across the world. With this impeccable experience, I assure provision of a good and supporting environment for students to learn.
5.00+
2+ Reviews
10+ Question Solved
Related Book For
Income Tax Fundamentals 2013
ISBN: 9781285586618
31st Edition
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
Question Posted:
Students also viewed these Accounting questions
-
1. Presented below are selected amounts from the separate unconsolidated financial statements of Poe Corp. and its 90%-owned subsidiary, Shaw Co., at December 31,2002. Additional information as...
-
Find at least three nonzero terms (including a, and at least two cosine terms and two sine terms if they are not all zero) of the Fourier series for the given function, and sketch at least three...
-
A population of Ecuadorians have short stature. They have a rare genetic defect that affects the body's response to growth horm one, called Laron syndrome. Recent genetic studies have dem onstrated...
-
A rule for drawing plausible Lewis structures is that the central atom is invariably less electronegative than the surrounding atoms. Explain why this is so. Why does this rule not apply to compounds...
-
1. Calculate the following for both Tiffany & Co. and TJX using data from the abbreviated income statements and balance sheets in Exhibit 1. 2. For a-h, compare and contrast the calculated financial...
-
Name the scale of measurement (nominal, ordinal, interval, ratio) for each of the following variables: a. One's age (in years) b. Size of soft drink (small, medium, large, extra large) c. Voting...
-
A review of the ledger of Khan Company at December 31, 2014, produces the following data pertaining to the preparation of annual adjusting entries. 1. Prepaid Insurance $9,300. The company has...
-
At the beginning of Year 4 , Able Company had the following portfolio of investments in trading securities ( all of which were acquired at par value ) : Security Cost 1 / 1 / Y 4 Fair Value A $ 2 0 ,...
-
A group of student investors in Hong Kong opened Campus Laundromat Inc. on September 1, 2014. During the first month of operations, the following transactions occurred. Sept. 1 Shareholders invested...
-
The partnership of Rachel, Adams, and Nixon has the following trial balance on September 30, 2009: The partners share profits and losses as follows: Rachel, 50 percent; Adams, 30 percent; and Nixon,...
-
Terry's Amusements completed in the following transactions during May: May 1 Purchased supplies for cash, $300. 4 Purchased inventory on credit terms of 3/10 net eom, $6,000. 8 Returned half the...
-
A mosquito collides head-on with a car traveling 60 mph. Is the force of the mosquito on the car larger than, smaller than, or equal to the force of the car on the mosquito? Explain.
-
From the attached article: 1) Introduction - Describe the case. What happened? When did that happen? Who got involved? 2) Identify the link between the case and global market changes?...
-
Meet Jos > Jos works for a transportation company in Miami. He works on the loading dock but has been taking business courses part-time at a local community college. He was married recently and has a...
-
Question 12 XYZ Corp. is considering an investment in Project Maverick. This new project requires a $11,000,000 initial investment and will produce annual net after tax cash flows according to the...
-
If the hydraulic head of Well A is 55ft, and the hydraulic head Well B is 43ft, and the distance between the two wells is 3 meters, what is the hydraulic gradient? O5ft/m O4ft/m O 7ft/m O 6ft/m
-
1. Create a program that asks the user to create a password with 5-10 characters. While their password is the wrong size print an error message and keep asking them for a password. Once an acceptable...
-
(a) Estimate the ligand field splitting for (i) [CrCl 6 ] 3 ( max = 740. nm), (ii) [Cr(NH 3 ) 6 ] 3+ ( max = 460. nm), and (iii) [Cr(OH 2 ) 6 ] 3+ ( max = 575 nm), where max is the wavelength of...
-
1. Firms may hold financial assets to earn returns. How the firm would classify financial assets? What treatment will such financial assets get in the financial statements in accordance with US GAAP...
-
How does the present value of an amount to be received in the future change as the time is extended and as the interest rate increases?
-
List and dene the three types of activities in which a business engages. Which nancial statement uses these three activities as section headings?
-
Dene generally accepted accounting principles (GAAP). What is the primary purpose of GAAP? What body is currently charged with establishing GAAP?
-
Distinguish between private and public accounting. Briey describe several work roles in private accounting.
-
exploration of the history of street art and its controversies of ppt/quicktime video.
-
Solve the following problems. Reduce answers to their lowest terms. Box your answers. 1 5 1.+ -= 4 12 2 2.- + 3 9 = 11 Convert improper fractions to mixed numbers. 2 11 3. + == 5 12 4 4 4. 12 7 5.35...
-
When average consumer income increased by 6%, BakeCo oven cleaner sales increased from 21,000 units to 22,500 units. Given this information,what is income elasticity for BakeCo oven cleaner ?
Study smarter with the SolutionInn App