Author Question: A(n) ______________ is money paid directly to the owner. a. expense b. capital investment c. ... (Read 293 times)

mmm

  • Hero Member
  • *****
  • Posts: 558
A(n) ______________ is money paid directly to the owner.
 a. expense
  b. capital investment
  c. withdrawal
  d. none of the answers listed

Question 2

Which of the following is true of reviewed financial statements?
 
  A) These represent the most basic level of financial statements.
  B) These have a broader scope as compared to audited financial statements.
  C) These provide assurance to the user of the financial statements.
  D) These have a limited implication of assurance.



Joc

  • Sr. Member
  • ****
  • Posts: 317
Answer to Question 1

C

Answer to Question 2

D
Explanation: D) Reviewed financial statements have a limited implication of assurance. In other words, based on the accountant's review, he or she is unaware of any material modifications that should be made to the financial statements to be in conformity with GAAP.



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

Approximately 500,000 babies are born each year in the United States to teenage mothers.

Did you know?

Although the Roman numeral for the number 4 has always been taught to have been "IV," according to historians, the ancient Romans probably used "IIII" most of the time. This is partially backed up by the fact that early grandfather clocks displayed IIII for the number 4 instead of IV. Early clockmakers apparently thought that the IIII balanced out the VIII (used for the number 8) on the clock face and that it just looked better.

Did you know?

Before a vaccine is licensed in the USA, the Food and Drug Administration (FDA) reviews it for safety and effectiveness. The CDC then reviews all studies again, as well as the American Academy of Pediatrics and the American Academy of Family Physicians. Every lot of vaccine is tested before administration to the public, and the FDA regularly inspects vaccine manufacturers' facilities.

Did you know?

Autoimmune diseases occur when the immune system destroys its own healthy tissues. When this occurs, white blood cells cannot distinguish between pathogens and normal cells.

Did you know?

Symptoms of kidney problems include a loss of appetite, back pain (which may be sudden and intense), chills, abdominal pain, fluid retention, nausea, the urge to urinate, vomiting, and fever.

For a complete list of videos, visit our video library