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First question is multiple choice. second question i need help with letters a, b, c, f. the last picture shows the choices to choose from,
First question is multiple choice.
Johnson and Co CPAs are currently working on the audit of cash and cash equivalents for Feathertree Enterprises, LLC. Feathertree is a large company that supplies various types of real Christmas trees during the holiday season. Which of the following is an area that Johnson \& Co. will need to gain a better understanding of? The demand trends for Christmas trees sold by the client, to understand if demand is increasing or decreasing. Market price fluctuations and demand for Christmas trees, which will affect the client's revenue and ultimately cash. The average rate of return on cash held on deposit at the client's banks. How the seasonality of the client's business affects cash flows throughout the year. Consider the following list of substantive procedures. For each substantive procedure, solect the assertion(s) for which the substantive procedure is designed to detect misstatements. You may use an assertion below more than once. sales reports. t. Count the inventory and match the auditor's count with the client's count. Completeness and existence of cash balances. Completeness and existence of inventory. Completeness of inventory. Existence of inventory. Existence, completeness, valuation and allocation, and rights and obligations for cash balances. Rights and obligations for inventory. Valuation and allocation for cash balances. Valuation and allocation for inventory second question i need help with letters a, b, c, f. the last picture shows the choices to choose from, the answers that are selected for abcf are currently wrong.
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