This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: Explain the sequence of actions to be followed to reconcile inconsistencies in various ... (Read 24 times)

jwb375

  • Hero Member
  • *****
  • Posts: 540
on: Jul 6, 2018
Explain the sequence of actions to be followed to reconcile inconsistencies in various organizational standards.
 
  What will be an ideal response?

Question 2

Which of the following is correct, assuming the following transaction: Kennedy Company received and paid the rent for the month.
 a. Rent Expense is debited.
  b. Cash is debited.
  c. Rent Expense is credited.
  d. Accounts Payable is debited.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

Mochi

  • Sr. Member
  • ****
  • Posts: 300
Reply #1 on: Jul 6, 2018
Answer to Question 1

To reconcile inconsistencies in various organizational standards, the following sequence of actions is to be followed:
1. Contact each organization, in writing, regarding the perceived conflict. If this fails to provide a resolution, proceed to Step 2.
2. Follow the most rigorous standard that serves the client and the public good.
3. Inform the client which professional standards were applied and why.
4. Qualify the adopted standard in your report as an assumption or limiting condition.

Answer to Question 2

A


jwb375

  • Member
  • Posts: 540
Reply 2 on: Jul 6, 2018
Great answer, keep it coming :)

meganmoser117

  • Member
  • Posts: 303
Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

« previous next »
 

Did you know?

Complications of influenza include: bacterial pneumonia, ear and sinus infections, dehydration, and worsening of chronic conditions such as asthma, congestive heart failure, or diabetes.

Did you know?

When taking monoamine oxidase inhibitors, people should avoid a variety of foods, which include alcoholic beverages, bean curd, broad (fava) bean pods, cheese, fish, ginseng, protein extracts, meat, sauerkraut, shrimp paste, soups, and yeast.

Did you know?

After 5 years of being diagnosed with rheumatoid arthritis, one every three patients will no longer be able to work.

Did you know?

Inotropic therapy does not have a role in the treatment of most heart failure patients. These drugs can make patients feel and function better but usually do not lengthen the predicted length of their lives.

Did you know?

Only 12 hours after an egg cell is fertilized by a sperm cell, the egg cell starts to divide. As it continues to divide, it moves along the fallopian tube toward the uterus at about 1 inch per day.

Relationships among the coding sequence of a gene, the codon sequence of an mRNA, the anticodons of Relationships among the coding sequence of a gene, the codon sequence of an mRNA, the anticodons of
Step 2 of gene cloning: The actions of a restriction enzyme and DNA ligase to produce a recombinant Step 2 of gene cloning: The actions of a restriction enzyme and DNA ligase to produce a recombinant
Post–Main-Sequence Evolution of Low-Mass Stars Post–Main-Sequence Evolution of Low-Mass Stars
Actions and Indications for Corticosteroids Actions and Indications for Corticosteroids
Plasma insulin binds to receptors on target cells to enter the cells, which starts actions that lead ... Plasma insulin binds to receptors on target cells to enter the cells, which starts actions that lead ...
Video: Pneumonia Animation

For a complete list of videos, visit our video library