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 23 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
Thanks for the timely response, appreciate it

TheDev123

  • Member
  • Posts: 332
Reply 3 on: Yesterday
Excellent

« previous next »
 

Did you know?

Stevens-Johnson syndrome and Toxic Epidermal Necrolysis syndrome are life-threatening reactions that can result in death. Complications include permanent blindness, dry-eye syndrome, lung damage, photophobia, asthma, chronic obstructive pulmonary disease, permanent loss of nail beds, scarring of mucous membranes, arthritis, and chronic fatigue syndrome. Many patients' pores scar shut, causing them to retain heat.

Did you know?

Children of people with alcoholism are more inclined to drink alcohol or use hard drugs. In fact, they are 400 times more likely to use hard drugs than those who do not have a family history of alcohol addiction.

Did you know?

The senior population grows every year. Seniors older than 65 years of age now comprise more than 13% of the total population. However, women outlive men. In the 85-and-over age group, there are only 45 men to every 100 women.

Did you know?

Coca-Cola originally used coca leaves and caffeine from the African kola nut. It was advertised as a therapeutic agent and "pickerupper." Eventually, its formulation was changed, and the coca leaves were removed because of the effects of regulation on cocaine-related products.

Did you know?

Studies show that systolic blood pressure can be significantly lowered by taking statins. In fact, the higher the patient's baseline blood pressure, the greater the effect of statins on his or her blood pressure.

Internal structures of main sequence stars, convection zones with arrowed cycles and radiative zones Internal structures of main sequence stars, convection zones with arrowed cycles and radiative zones
Typical sequence of tooth eruption for both deciduous and permanent teeth Typical sequence of tooth eruption for both deciduous and permanent teeth
Suggested sequence for palpating lymph nodes Suggested sequence for palpating lymph nodes
Annotation of a DNA sequence containing part of the human beta-globin gene Annotation of a DNA sequence containing part of the human beta-globin gene
Combination of arrangement and sequence is correct Combination of arrangement and sequence is correct
DNA sequence variation in parts of the Drosophila Adh gene DNA sequence variation in parts of the Drosophila Adh gene
Video: Barriers - eye structures, digestive mucosa, respiratory mucosa & genitourinary mucosa

For a complete list of videos, visit our video library