Answer:The answer is B
Explanation:
The ethics of a profession are the rules and regulation put in place by the professional body for the profession to guide the conduct of each professionals in the practice of their profession. The ethics of the profession also specify the punishment that will be given to any members that break the rules set for them in code of professionals practice. The pratictioners in the performance of their duties must be objective, show high level of integrity, and must not be seen to be misrepresenting the facts.
The CPA are responsible for given professional advice to their client, they also prepare the tax returns of their client and also they help their client in filing their tax return with the tax authority (IRS). In this case, since Breslin has refused to disclose a matter, Martina has to terminate the engagement and report Breslin to the IRS office of professional responsibility. So that in the event that the IRS now discovered that Breslin Baked Good has not been paying the correct tax they supposed to pay to the government, Martina would have been free of the crime, because he has reported the matter to the IRS to free himself from the blame and not to be regarded as an accomplice in the crime.
Present value PV= FV(1/(1+r)^n)
PV = Present Value
FV = Future Value
r= rate
n= number of years
Just plug in the numbers and calculate.
Answer:
December 31 (office equipment depreciation expense)
- Dr Depreciation Expense - office equipment 1,400
- Cr Accumulated Depreciation - office equipment 1,400
Dec. 31 (production equipment depreciation expense)
- Dr Depreciation Expense - production equipment 2,650
- Cr Accumulated Depreciation - production equipment 2,650
Explanation:
Since depreciation is an expense and it increases, it should be debited.
Since accumulated depreciation is a contra asset account and it increases, it should be credited.
Answer:
Land $80,900
Building $643,000
Explanation
Land
Demolition of old building $9,000
Sale of salvaged materials (1,100)
Legal fees (for title investigation of land) 3,000
Purchase price of land $70,000
Total $80,900
Building
Architect fees (for new building) 20,000
Building construction cost 600,000
Interest cost related to the construction 23,000
Total $643,000
Answer:
D- All of the above
Explanation:
Edg. 2021, took the test and got 100 percent
