Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on May 31, 2024

21. Why is setting a closing date and a password strongly recommended: It populates the audit trail It sends an automatic email to the

21. Why is setting a closing date and a password strongly recommended: It populates the audit trail It sends an automatic email to the accountant It prevents a client from making changes to a closed period It creates a new Discrepancy Account in the Chart of Accounts

Step by Step Solution

There are 3 Steps involved in it

Step: 1

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

Step: 3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Ethical Obligations and Decision Making in Accounting Text and Cases

Authors: Steven Mintz, Roselyn Morris

4th edition

978-1259543470, 1259543471, 978-1259730191

More Books

Students also viewed these Accounting questions

Question

4) Solve the following problems: 9 (b) 1. Apply the DFS based topological sort algorithm to the graph on the left; Your DFS traversal will start with vertext a. Write down the nodes visited during a...

Answered: 1 week ago

Question

★★★★★

Darwin Inc. sells a particular textbook for $30. Variable expenses are $23 per book. At the current volume of 55,000 books sold per year the company is just breaking even. Given these data, the...

Answered: 1 week ago

Question

★★★★★

When a green laser light $(\lambda=550 \mathrm{~nm})$ shines on a fracture-line crack in a thin piece of metal, a diffraction pattern is observed on a screen located $L=0.80 \mathrm{~m}$ from the...

Answered: 1 week ago

Question

★★★★★

1. Consider a suggestion box or community meetings for younger students.

Answered: 1 week ago

Question

★★★★★

In consideration of $1,800 paid to him by Joyce, Hill gave Joyce a written option to purchase his house for $180,000 on or before April 1. Prior to April 1, Hill verbally agreed to extend the option...

Answered: 1 week ago

Question

★★★★★

Tutorial 8-Extension Question Priska Ltd is expected to begin January with $50,000 cash. will be $250,000, with cash sales representing half of this sales revenue. She forecasts that sales revenue in...

Answered: 1 week ago

Question

★★★★★

The large region of the Northeastern Core includes geographic swaths of both _____ and _____. Group of answer choices All are true. None are true. wealth; economic suffering natural resources;...

Answered: 1 week ago

Question

★★★★★

Vanessa is planning on conducting a study that looks into how listening to music impacts learning. Specifically, she wants to know how well people can learn while listening to their favorite, or...

Answered: 1 week ago

Question

★★★★★

Please read Smith v. Goguen , 415 U.S. 566 (1974), available at https://scholar.google.com/scholar_case?case=14723025391522670978&hl=en&as_sdt=2&as_vis=1&oi=scholarr After reading the above case,...

Answered: 1 week ago

Question

★★★★★

Explain what early thoughts and beliefs existed about what caused mental illness. Describe one of the psychological traditions and how it furthered the beliefs about what causes mental illness from...

Answered: 1 week ago

Question

★★★★★

13. The following data pertain to Wistron Company's two products: Product X Product Y Sales in dollars $100,000 $80,000 Contribution margin ratio 48% 30% If fixed expenses for the company as a whole...

Answered: 1 week ago

Question

★★★★★

Rose Corporation manufactures state-of-the-art DVD players. It is a division of Sany TV, which manufactures televisions. Rose sells the DVD players to Sany, as well as to retail stores. The following...

Answered: 1 week ago

Question

★★★★★

McCann Company has Identified an Investment project with the following cash flows. \ table [ [ Year , Cash Flow ] , [ 1 , $ 8 5 0

Answered: 1 week ago

Question

★★★★★

The following information is for Montreal Gloves Inc. for the year 2020: Manufacturing costs Number of gloves manufactured Beginning inventory $ 3,016,700 311,000 pairs 0 pairs Sales in 2020 were...

Answered: 1 week ago

Question

★★★★★

Explain lateral communication in practice.

Answered: 1 week ago

Question

★★★★★

What do SMEs like IWT need to know about exporting?

Answered: 1 week ago

Question

★★★★★

How could managers approach these circumstances ethically?

Answered: 1 week ago

Previous Question Next Question