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please answer all 14.In which section of the balance sheet should a patent be recorded? a. Other assets b. Current assets c. Investments d. Intangible
please answer all
14.In which section of the balance sheet should a patent be recorded? a. Other assets b. Current assets c. Investments d. Intangible assets 15. Assume all of the following events occurred after Swift Company's balance sheet date but before the release of the financial statements. Which would Swift NOT need to disclose? a. Material damages incurred due to a hurricane. b. The sale of a business component. c. The resignation of the staff accountant. d. The issuance of bonds. 16. Which of the following statements is correct regarding management and auditor responsibilities? a. Management is responsible for the financial statements. Auditors are responsible for internal control over financial reporting and expressing an opinion on the financial statements. b. Both management and auditors share responsibility for the financial statements and internal control over financial reporting, c. Auditors have the ultimate responsibility for any set of financial statements for which they express an unmodified opinion. d. Management is responsible for the financial statements and internal control over financial reporting. Auditors are responsible for expressing an opinion on the financial statements Step by Step Solution
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