In this document of ACC 491 Week 1 Discussion Question 2 you will find the next information: The Sarbanes-Oxley Act of 2002 has been described as the most far-reaching legislation affecting business since the passage of the 1933 Securities Act. What are the specific portions of the legislation that affect the external audit profession‚ and how do they affect the profession? How does the legislation affect the internal audit profession? What are some activities that are implied in the legislation
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Week 6 Earth Processes Earth’s Changing Surface CLICK link below to hear a Science Course Mentor provide an overview to this section‚ “Earth’s Changing Surface”: http://wgu.connectpro.acrobat.com/p56293907/ Use Chapters 22 and 25.5 in Conceptual Integrated Science to address the following items in your notes: 1. Why did Wegener’s hypothesis of continental drift fail and what was the evidence needed to support his predictions- why was it literally an idea before its time? Because no one could
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400 BE5-2: Pocras Company buys merchandise on account from Wedell Company. The selling price of the goods is $900 and the cost of the goods sold is $590. Both companies use perpetual inventory systems. Journalize the transactions on the books of both companies. Pocras Company: Accounts Receivable: Debit = $900‚ Credit = $900. Cost of Goods Sold: Debit = $590‚ Credit = $590. BE6-5: In its first month of operation‚ Moraine Company purchased 100 units of inventory for $6‚ then 200 units for
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Management has been gathering the following data over the past four months: The president has attended conferences at which the importance of throughput time‚ manufacturing cycle efficiency‚ and delivery cycle time were stressed‚ but no one at the company is sure how they are computed. The data to compute these measures have been gathered and appear below: Month 1 2 3 4 Wait time per order before start of production‚ in days 16.7 15.2 12.3 9.6 Inspection time per unit
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Week 2 Discussion Questions Chapters 6 & 8 1. Why is audit planning so important? What is the most important step in audit planning? Why is this step so important? Posted on wed 5/8/2013 Responded to one classmates on 5/08/2013 Auditing planning is important because it helps the auditor determine his/her approach to the audit. There are two considerations that affect the approach: 1). Sufficient appropriate evidence must be accumulated to meet the auditor’s professional
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Week Six Quiz - Due Day 7‚ Sunday‚ 10-17-10 All answers can be located in Chapters 9 and 11 of the text. Fill in the Blank – 2 points each Psychologists typically define personality as an individual’s unique pattern of thoughts‚ feelings‚ and behaviors that persists over time and across situations. The need to be with others is called affiliation motive. A desire to perform a behavior that stems from the behavior performed is called intrinsic motivation. Theory which states that emotional
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PART A 35 Multiple Choice Questions worth 1 mark each (all questions to be answers) 1. ABC firm are the auditors of XYZ Company. The partner responsible for the audit has recently spent a week working with XYZ as a paid consultant on their internal control systems. The ethical principle that has been breached is: a. auditor independence. b. auditor appointment. c. auditor rotation. d. auditor competence. 2. The term audit expectation gap refers
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CHFD 311 Week 6 Quiz Question 1 of 26 1.0 Points Which one of the following children provides the best example of emergent literacy? A.Two-year-old Torina tears several pages out of the family telephone book before her parents realize what she’s doing. B.When four-year-old Jack plays school with his older sisters‚ he fills a sheet of paper with lines of random letters. C.Donna is only five years old‚ and already she can read many storybooks independently. D.Six-year-old Yasser understands
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plant assets were made by Spaulding Company during the first 2 months of 2011. 1. Paid $5‚000 of accrued taxes at time plant site was acquired. 2. Paid $200 insurance to cover possible accident loss on new factory machinery while the machinery was in transit. 3. Paid $850 sales taxes on new delivery truck. 4. Paid $17‚500 for parking lots and driveways on new plant site. 5. Paid $250 to have company name and advertising slogan painted on new delivery truck. 6. Paid $8‚000 for installation of
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000 63‚000 120‚000 Book Value Per Share 25.00 23.81 12.50 E12-1 1. One reason a company may purchase investments in debt or stock securities is they may have extra cash that they don’t need in the immediate future. Another reason may be to generate earnings from investment income. A third reason may be for strategic reasons‚ such as gaining some influence over customers or suppliers. 2. A company might have excess cash that it doesn’t need for operations due to seasonal fluctuations‚ or
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