Answer:
A) True
Explanation:
Auditing standards require that the auditors state whether the financial statements are presented fairly in accordance to financial reporting regulations. The auditor must provide his/er opinion based on his/her findings, or state that an opinion cannot be given.
Financial statement users, both internal (top management and board of directors) and external (investors, shareholders, banks, IRS, SEC and other government entities) rely on the auditor's statement regarding the fairness or not of the financial statements.
Answer:
$3,000 per month
Explanation:
If an owner paid himself or a business paid to his owner this type of cost referred to as implicit cost.
In the case of Krista, she is an owner of a business of selling Coffee and also works at her business place as a barista and paid herself $3,000 per month.
So, $3,000 paid as a barista to her self called Implicit cost for the business.
c. A decrease in the general price level.
b. A reduction in the supply of money.
d. A decrease in a nation’s standard of living. Please select the best answer from the choices provided A B C D
Answer:
Explanation:
At the equilibrium price, the quantity that buyers want to acquire is equal to what the sellers want to sell.