Author Question: The amount of net income will appear on the debit side of the Income Statement columns on a work ... (Read 46 times)

jenna1 · **on:** Jul 6, 2018

The amount of net income will appear on the debit side of the Income Statement columns on a work sheet,
a. if total revenue exceeded total expenses for the period.
b. if withdrawals have been made during the period.
c. if total assets exceeded total liabilities for the period.
d. if total expenses exceeded total revenue for the period.
e. if net income exceeds the owner's withdrawals.

Question 2

Explain why an interview should be transcribed by the person who conducted the interview.

What will be an ideal response?

TDubDCFL · **Reply #1 on:** Jul 6, 2018

Answer to Question 1

A

Answer to Question 2

The process of transcribing an interview is equally as important as the end product. Recognizing the importance of this process clarifies the value of writing as a method of inquiry, a characterization that is embraced in the qualitative research disciplines. As the interview is written, the scattered thoughts of the interviewer about the subject must be assembled into a coherent structure that facilitates understanding. Moreover, writing is the means by which this analytic process is made apparent and available for review. These propositions highlight two reasons why an interview should be transcribed by the person who conducted the interview. First, it ensures that the record of the conversation is as accurate as possible and allows for the inclusion of contextual elements. Second, it is the forensic accountant's first opportunity to extract meaning from the data-to transform facts into a story.