At the beginning of year 2 Clair company had a $5, 500 balance in its retained earning account. During January of year 2 Clair earned $2,000 of revenue and incurred $1, 400 of expenses. Based on this information, the balance in retained earning account on January 31, year 2 is $5, 500 $5, 600 $6, 100 $7, 500

The sites in California that are potential targets of a terrorist attack are the international airports. The correct option is c.

Terrorist attacks are attacks that are done by some group of people that destroy places and mankind.

Terrorist attacks are acts of violence or fatalities brought on by militant groups or terrorist organizations in an effort to sabotage national peace. It is among the most significant worldwide issues that require attention.

Therefore, the correct option is c, international airports.

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The correct answer is Option- d, which states that the Blues have the option to refuse to make any repairs in the house.

This is because both the buyers and sellers can choose to waive the inspection contingency and negotiate the terms of the sale, including any required repairs. While many buyers are satisfied with their choice of home and sellers are willing to waive the inspection for the right offer, the sellers are not obligated to make any repairs once the inspection is completed.

The other statements are also discussed in the context, such as how the Blues can negotiate with the Martins to come to a compromise on the repairs or waive the inspection contingency and require the Martins to accept the home as-is. However, the main point is that the Blues do have the option to refuse to make any repairs, and this is the correct answer.

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The complete question is:

Buyers Chris and Jena Martin receive their inspection report and notify sellers Dan and Pam Blue that some repairs are required. Which of the following is not a possibility for the Blues?

They can reach an agreement with the Martins.

The Blues have the option to waive the inspection contingency.

They are capable of performing all of the requested repairs.

At least 75% of the quiz scores in the beginning statistics class will fall within the range of 6.9 to 8.9.

Chebyshev's theorem states that for any data set, regardless of the shape of its distribution, at least (1 - 1/k^2) of the data will fall within k standard deviations of the mean.

In this case, we want to find the range that contains at least 75% of the data, so we need to solve for k in the inequality (1 - 1/k^2) ≥ 0.75.

Simplifying this inequality, we get k^2 ≥ 4, which means k ≥ 2 or k ≤ -2 (we can discard the negative solution as it is not relevant in this context).

So, at least 75% of the data will fall within 2 standard deviations of the mean. The range can be calculated as follows:

Lower bound: 7.9 - 2(0.5) = 6.9

Upper bound: 7.9 + 2(0.5) = 8.9

Therefore, we can say that at least 75% of the quiz scores in the beginning statistics class will fall within the range of 6.9 to 8.9.

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The statement if a company chooses the option to report its bonds at fair value, then it reports changes in fair value in its income statement unless the changes are attributable to changes in credit risk is false.

The projected amount at which a property is either bought or sold when the buyer and seller independently agree on a price is termed as fair value. An individual or group may look at real market activity for comparable assets, project the asset's predicted income, and determine the expense to replace the asset in to determine the true value of a good or large investment. Listing a stock on a publicly traded securities exchange is a popular methodology of figuring out a stock's fair value. Investor want, which defines the appropriate bid and ask prices, or sale price, as shares market, affects a lender's judgment for fair value.

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Option (b), Employees who bring Equal Wage Act claims for pay discrimination are no longer subject to a statute of limitations under the Lilly Ledbetter Fair Pay Act.

On January 29, 2009, President Barack Obama formally enacted the Lilly Ledbetter Fair Pay Act. The Act requires employers to make a greater effort to ensure that their pay practices are discrimination-free and that they preserve the papers necessary to prove the fairness of pay decisions.

The Lilly Ledbetter Fair Pay Act brought attention to the critical part that equal pay plays in supporting working families as well as our greater economy. It was a big step in the right direction in the effort to close the racial and gender wage inequities that unfairly hold women, especially women of color, behind in the workforce.

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Option (a), The publication then sends Donald a charge for the publications he got after his subscription expired. Donald is not obligated.

A subscription that has expired is one that has expired. When a customer chooses to stop paying for anything at the next payment date or at the end of the current term, that decision is referred to as canceling a subscription.

If the user is recovered during the first 28 days, the current billing date is retained. If the subscriber is retrieved during this grace period, neither the subscriber's paid service days nor your subscription revenue will be impacted.

If you already have a recurring charge and switch to a different payment method, the repeating charge is not immediately transferred to the new card. To switch the payment method for your membership, you must stop your current recurring payment and begin a new subscription with your new card.

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Donald buys a subscription to a national magazine that gives him two years for the price of one year. after the two years expire, Donald continues to receive the magazine for six more months, although he has not subscribed again. the magazine then sends Donald a bill for the magazines he received after the expiration of his subscription. Donald:

(a) is not obliqated

(b) is obligated

Cost accounting focuses on the expenses involved with running your business.

What area of study does cost accounting cover?

The costs associated with operating your firm are the main focus of cost accounting. It is a typical method of accounting for organizations engaged in manufacturing since it enables them to separate costs for each product they create.

                                When applied properly, cost accounting can assist firms in finding places where they can make financial savings.

Is a cost accounting function *?

The management can oversee present operations and make future plans thanks to the thorough cost information provided by cost accounting. Information from cost accounting is frequently used in financial accounting, but its main purpose is to help managers make decisions.

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The answer is Enforced in the same way each time, is nota quality of an effective rule.

Rules are declarations of what a person is and isn't permitted to do. Rules can be a verb that meaning to control something or that something is excellent in slang. Rules is a word with two distinct meanings when capitalized. Board games and schools are only two examples of things with rules.

Laws safeguard our rights as citizens and protect us from violations by other people, groups, and even the government. Our general safety is supported by the laws that we have. Laws pertaining to food safety are examples of these that are present at the municipal, state, and federal levels.

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There is a $990 billion surplus in the trade balance.

We must deduct the value of merchandise exports from the value of merchandise imports in order to establish the balance of trade. In this instance, there is a trade surplus of $1,000 billion in goods after crediting exports for $4,000 billion and debiting imports for $3,000 billion.

The net consequences of other BOP accounts must also be considered, though. An 800 billion dollar debit appears in the official reserve account, indicating that the central bank has sold foreign money to sustain the value of the domestic currency. A debit of $4 billion, which reflects gifts or donations given to foreign organizations, can be seen in the unilateral transfers account.

There is a $990 billion surplus after adding together all the debits and credits in the BOP accounts. This indicates that the nation has earned more from foreign investments than it has paid out in imports and exports combined. A surplus may result in a stronger currency, cheaper interest rates, and more robust economic growth.

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An increase in wages payable would be added to (from) net income when preparing cash flows from operating activities, using the indirect method.

Earnings are difficult to outline conceptually and the definition can be extraordinary for the duration of fields. for instance, a person's income in a financial experience may be unique from their income as described with the resource of the regulation.

A very essential definition of income is Haig–Simons earnings, which defines earnings as intake + trade-in internet truly worth and is widely applied in economics. For households and individuals within America, income is defined with the useful resource of tax law as a sum that consists of any earnings, earnings, profit, interest rate, rent, or some other shape of earnings acquired in a calendar year. Discretionary earnings are frequently described as gross profits minus taxes and special deductions (e.g., compulsory pension contributions), and are broadly used as a basis to take a look at the welfare of taxpayers.

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As a result, Company A is $269,400 in debt, Firm B is $103,800 in debt, and Firm C is $160,200 in debt.

A firm is a for-profit business entity that provides professional services. It can be a corporation, a limited liability company (LLC), or a partnership. The majority of firms only have one location. A "firm" is a business that sells, manufactures, or provides a paid service. Employees at the firm expected large bonuses.

According to the conventional concept of the business, the primary purpose of a corporation is to maximise profits. Under the assumptions of given tastes and technology, the price and output of a certain product are selected under perfect competition with the only purpose of maximising profits. When a company registers, it becomes a separate legal entity with the right to file and defend lawsuits in its own name. Because a company is not a distinct legal entity, it cannot enter into agreements with third parties in its name.

Firm A:

Total liabilities, 12/31/19 = $123,000

Retained earnings, 1/1/19 = $74,400

Net income for 2019 = $40,800

Dividends announced and distributed in 2019 = $16,800

Retained earnings, 12/31/19 = $74,400 + $40,800 - $16,800 = $98,400

Total assets, 12/31/19 = Total liabilities, 12/31/19 + Paid-in capital, 12/31/19 + Retained earnings, 12/31/19 = $123,000 + $48,000 + $98,400 = $269,400

Firm B:

Total assets, 12/31/19 = $312,000

Total liabilities, 12/31/19 = $35,400 + $84,000 = $119,400

Retained earnings, 1/1/19 = $30,000

Net income for 2019 = $66,000

Dividends announced and distributed in 2019 = $7,200

Retained earnings, 12/31/19 = $30,000 + $66,000 - $7,200 = $88,800

Paid-in capital, 12/31/19 = Total assets, 12/31/19 - Total liabilities, 12/31/19 - Retained earnings, 12/31/19 = $312,000 - $119,400 - $88,800 = $103,800

Firm C:

Paid-in capital, 12/31/19 = $84,000

Retained earnings, 1/1/19 = $111,600

Net income for 2019 = $48,600

Dividends declared and paid during 2019 = $0

Retained earnings, 12/31/19 = $111,600 + $48,600 - $0 = $160,200

Total assets, 12/31/19 = Total liabilities, 12/31/19 + Paid-in capital, 12/31/19 + Retained earnings, 12/31/19 = Unknown, as we do not have the total liabilities for Firm C.

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If the production technology of a good improves and at the same time the number of consumers willing and able to buy the good in the market increases then Equilibrium quantity will increase .

Option a is correct .

An increase in demand and a decrease in supply  cause the equilibrium price to rise, but the effect on the equilibrium quantity cannot be determined. Consumers now value goods in any quantity, and producers must charge a higher price  to supply goods; therefore the  price goes up.

When production technology improves, supply increases and  equilibrium: quantity increases and equilibrium price decreases. If TV sellers expect TV prices  to fall in the future, we will likely see: an increase in the supply of TVs.

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The correct question is :

If the production technology of a good improves and at the same time the number of consumers willing and able to buy the good in the market increases, which of the following will definitely occur?

a. Equilibrium quantity will increase.

b.  Equilibrium quantity will decrease

c. No effect

The answer is, Accrual bases accounting is the accounting method demanded by the accounting standards. In it, revenue is recognized when it is earned and expenses when they are paid, rather than when the related cash flow takes place like in cash basis accounting.

Accounting is the process of documenting a business's financial transactions. These transactions are compiled, examined, and reported to oversight organizations, regulatory bodies, and tax collection organizations as part of the accounting process.

It is the process of methodically documenting all of a business's financial transactions. It entails analyzing, compiling, and informing the tax authorities, agencies, and regulators of the financial transactions. A business's accounting is handled by an accountant.

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The compare and contrast these two men, including their backgrounds, their lives, and their beliefs are described based on discriminations.

Booker T. Washington and W. E. B. Du Bois were two prominent African American leaders who lived during the end of the 19th century and the beginning of the 20th century.

Both of these leaders faced discrimination and poverty in their lives and were committed to fighting against racial inequality in America.

Booker T. Washington was born into slavery in Virginia in 1856. He was freed after the Civil War and went on to become an educator and a prominent spokesperson for African Americans.

Washington believed that economic independence was the key to ending discrimination and poverty.

He believed that by proving themselves to be useful members of society, African Americans could gain the respect of white Americans and eventually achieve full citizenship rights.

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Complete Question:

Activity Booker T. Washington and W. E. B. Du Bois espoused different strategies for dealing with the problems of poverty and discrimination faced by black Americans at the end of the nineteenth and beginning of the twentieth centuries. Compare and contrast these two men, including their backgrounds, their lives, and their beliefs. In your response, you should use historical evidence to craft a thesis, or a historical argument.

Option A is correct. This outcomes in low morale, excessive fees of body of workers turnover, subject hiring new talent, and litigation. Understandably, employees resent pay inequality, and extra and extra are disturbing action be taken to address the issue.

Pay equality troubles affect your workplace in more than one ways.

According to Heneman and Schwab (1985), income pride is described as the degree to which personnel are relaxed with their modern salary. More specifically, personnel evaluate the efforts they make with the income they get and with others' profits and then decide how a lot efforts they will make at work.

Economic principle hence suggests that unions raise the wages of their individuals at the fee of decrease income and fewer jobs, that lower profits reason groups to invest less, and that unions have a smaller effect in competitive markets (where a union cannot achieve a monopoly).

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The statement "This year the shareholders in a lucky corporation can choose between receiving an additional 100 shares of stock or cash of $100. Lucky's shareholders will be taxed on the distribution if lucky has sufficient E&P" is a TRUE statement.

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1. To determine the correlation coefficient, we can use the CORREL function in Excel. The correlation coefficient for the data in the attached Excel file is 0.8253.

Correlation is a statistical measure that shows the degree to which two or more variables are related. It is used to measure the strength of the relationship between two variables, or to determine if a relationship exists at all. Correlation can be either positive or negative, and is typically expressed as a numerical value between -1 and 1, where -1 indicates a perfect negative correlation, 0 indicates no correlation, and 1 indicates a perfect positive correlation.

2. The correlation coefficient of 0.8253 suggests that there is a strong positive linear relationship between the number of rooms and the kilowatt-hours used in a single-family residence. As the number of rooms increases, the kilowatt-hours used also increases.

3. The regression equation can be determined using the SLOPE and INTERCEPT functions in Excel. The regression equation is y = 0.7182x + 0.6944, where x is the number of rooms and y is the kilowatt-hours (in thousands).

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Answer: Your welcome!

Explanation:

The income statement would include the following:

Revenues:

Sales                                

Tuition Revenue

Less: Sales Discounts

Gross Profit

Expenses:

Cost of Goods Sold

Salaries Expense

Income Tax Expense

Net Profit (Loss)

The tuition revenue would be reported under the Revenues section of the income statement and the 12% income tax expense would be reported under the Expenses section.

TRUE. Publicly discussing security incidents and the publicity that follows could have a considerable negative impact on public relations as well as actual financial expenses.

An attack on a company's security can have serious negative effects on the business's reputation and financial performance. Public trials and the ensuing publicity can have significant potential costs in terms of public relations as well as actual financial costs. Reduced revenue and a loss of customer trust might result from negative publicity. A public trial may also draw a lot of media attention, which may lead to further bad press and further damage the company's brand. In addition, businesses might have to pay for legal bills, settlements, and compensation to harmed parties, all of which could have a big effect on their financial performance. As a result, businesses frequently choose to settle security threats privately or internally rather than in open court.

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Profit for the corporation is thus P × Q = 174 × 4.8 = 765.

A worthwhile reward: Gain is the difference between returns and expenses in a single or group of transactions. in particular: the difference between the sale value of items and their cost. 3. Usually, net income for a particular time period.

Revenue refers to the total total of money received from sale of goods or services essential to a company's primary activities. The amount of money that is left over after deducting all costs, obligations, new sources of income, and operational costs is known as profit, that is also known as operating profit or perhaps the bottom line.

Since P = 270 - 20Q and C = 30Q + 5,

we obtain 270 - 20Q = 30Q + 5

when P = C.

240 = 50Q

Q = 4.8

P = 270 - 20(4.8)

P = 270 - 96

P = 174

P * Q at its highest = 174 * 4.8 = 765.

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If the accountant has followed auditing procedures to the extent that it allows him to report on the financial statements in accordance with AS 3101, The Auditor's Report on an Audit of Financial Statements, then the financial statements are audited.

Departures from Unqualified Opinions and Other, AS 3105, and When the Auditor Expresses a Unqualified Opinion. If the internal controls are sufficient and capable of offering a reasonable level of financial statements that sales, cash receipts, and other credits are properly recorded between the date of the confirmation and the end of the accounting period, it is acceptable to confirm accounts receivable prior to the balance sheet date.

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As a volunteer with the Brevard County Swim Clubs in Melbourne, Florida, Brittany Lambert has offered to gather data on the swim club personnel and teams.

You should visit the worksheet for all employees. To determine an employee's possible pay rate depending on their years of experience, insert the formula below in cell E3: Use a structured reference to look up the value for the Years of Experience column. Get the value from the table's row 2 range P14:U15 using an absolute reference. Because the hourly pay rate is tier-based on the number of years of experience, find a position that is a reasonable fit.

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Note: The correct question would be as bellow,

Brittany also wants to summarize and compare the performance of the swim teams by level. Switch to the Swim Levels PivotTable worksheet. Insert a PivotChart using the Stacked Column chart type and format it as follows: a. Resize and reposition the PivotChart so that the upper-left corner is located within cell E2 and the lower-right corner is located within cell L22. b. Add the chart title Wins by Level to the PivotChart using the Above Chart option, c. Filter the PivotChart so that only wins in Levels 4, 5, and 6 are displayed.

Answer: 60%

Explanation:

Prior to the CARES Act, individuals could generally deduct up to 60% of their adjusted gross income (AGI) as a donation to charity. This was known as the AGI limitation, and it was designed to ensure that taxpayers did not use charitable donations to excessively lower their taxable income.

Prior to the passage of the CARES Act, people could often donate up to 60% of their adjusted gross income (AGI) to charity. Hence option B is correct .

The AGI threshold was put in place to prevent taxpayers from using charitable contributions to artificially reduce their taxable income.

Contributions can be sent in the form of a check, draught, or cash; however, sums of money given in cash that exceed Rs 10,000 are not tax deductible. The full amount of the donation or contribution is eligible for a tax refund.

Donations of more than Rs. 2,000 must be made in a method other than cash in order to qualify for deductions under Section 80G.

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The income tax result from the $70,000 long-term capital gain for Jonathan if Lemon is a C corporation is $25,760 ($14,700 + $11,060).

a. If Lemon is an LLC, assuming no election has been filed under the check-the-box regulations, the tax on the $70,000 long-term capital gain is calculated as follows:

Lemon's long-term capital gain: $70,000

Jonathan's share of long-term capital gain (100%): $70,000

Taxable long-term capital gain: $70,000

Since Jonathan is in the 37% tax bracket for ordinary income and the 20% tax bracket for long-term capital gains, the tax liability would be calculated as follows:

Tax on ordinary income portion (37%): $0

Tax on long-term capital gain portion (20%): $14,000

Therefore, the income tax result from the $70,000 long-term capital gain for Jonathan if Lemon is an LLC is $14,000.

b. If Lemon is a C corporation, the tax on the $70,000 long-term capital gain is calculated as follows:

Corporate long-term capital gain: $70,000

Corporate income tax rate: 21%

Corporate income tax liability: $14,700 ($70,000 x 21%)

If Lemon distributes the remaining after-tax income to Jonathan as a dividend, Jonathan will be subject to a 20% tax on the dividend income. The dividend income would be calculated as follows:

After-tax income available for distribution: $55,300 ($70,000 - $14,700)

Dividend income: $55,300

Tax on dividend income (20%): $11,060

Therefore, the income tax result from the $70,000 long-term capital gain for Jonathan if Lemon is a C corporation is $25,760 ($14,700 + $11,060).

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While the terms of the Regional Comprehensive Economic Partnership (RCEP) are still being negotiated, if the agreement achieves just a Free Trade Area (FTA) status, all barriers to the trade of goods and services among member countries will be removed.

A Free Trade Area (FTA) is a type of trade agreement in which member countries agree to eliminate tariffs, quotas, and other trade barriers on goods and services traded among themselves, while each member maintains its own trade policies with respect to non-member countries. FTAs do not involve a common external tariff, a unified trade policy, or a common currency.

Customs Union, Common Market, Economic Union, and Political Union are all more advanced forms of economic integration that involve deeper levels of integration and policy coordination among member countries.

Therefore the correct option is C.

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According to this text's authors, Hill and Schilling, which of these would be d. Defining the company's corporate mission and major corporate goals Hide Feedback.

According to Hill and Schilling, defining the company's corporate mission and major corporate goals is an important step in a formal strategic management process. This step helps to create an outline of the company's vision and objectives, which will in turn inform the rest of the strategic management process.

It is important to establish a clear mission and set of goals so that the company can make strategic decisions that are in line with its desired outcomes. Without a clear mission and set of goals, the company may end up making decisions that don't work towards the desired outcome.

Additionally, this step helps to provide a sense of direction and purpose to the company, which can help to motivate employees and stakeholders to work towards meeting the company's objectives.

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We may breakdown the costs for Job 9 as follows: Material costs are $2,250; labor costs are $1,350; and overhead costs are $5,000.

An material requisition form outlines the things that must be taken out of stock and used in a certain job's worth of manufacturing or customer service. A buy request form serves as evidence that a department needed a given set of materials and placed an order for them.

An official form known as a material requisition form enables employees to request the supplies they need to carry out their duties at work. Employees can use this form to request a variety of items depending on the situation and demand.

Materials Costs:

July 1: $1,250 (from materials requisition 46)

July 5: $1,000 (from materials requisition 47)

Total materials costs: $2,250

Labor Costs:

July 1: $600 (from time ticket 336)

July 5: $450 (from time ticket 344)

July 10: $300 (from time ticket 353)

Total labor costs: $1,350

Overhead Costs:

The estimated overhead cost for Job 9 is given as $1,400.

Therefore, the total cost for Job 9 is:

Total cost = materials costs + labor costs + overhead costs

Total cost = $2,250 + $1,350 + $1,400

Total cost = $5,000

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figure is attached

Supplies, Deferred Revenue, and Prepaid Rent account balances will often be reduced as a result of revising entries.

At the conclusion of an accounting period, adjusting entries—also known as end-of-period adjustments—are journal entries that are made to the accounts in order to appropriately reflect the revenues and expenses of the subsequent period. The fourth step of the accounting cycle is the creation of adjusting entries, which happens after the creation of the unadjusted trial balance. At the conclusion of each accounting period, businesses that compile their financial statements in accordance with US-GAAP and IFRS typically create a few adjustment entries. Revenue is recognised in the period in which it is earned, and expenses are recognised in the period in which they are spent, according to the accrual model of accounting. Some commercial dealings have an impact on the earnings and costs of multiple accounting periods. For instance, a business that offers services to customers might pay some of its expenses in advance or get service fees from them for multiple periods. The income statement for the current accounting period cannot include all revenue received or all expenses paid in advance. They must be included in the pertinent income statements and assigned to the pertinent accounting periods.

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In a review that follows an audit, analytical techniques can be utilised to assess the overall financial data and spot any odd patterns or changes. Consequently, the accurate statement about the analytical techniques

In order to evaluate the financial data given in the financial statements, analytical methods are a crucial component of the audit and review process. Comparing financial and non-financial data allows analysts to see any unexpected trends or associations that could point to fraud or mistakes.Various stages of the audit or review, such as the preparation, fieldwork, and conclusion, might involve analytical processes. The auditor or reviewer can carry out analytical operations using a variety of approaches, including trend analysis, ratio analysis, and variance analysis. These techniques can assist uncover possible problems that could need additional study since they are intended to give a high-level

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