explain the going concern principal in no more that 2-3 sentence .

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Going concern is a basic underlying assumption in accounting. Explain why the going concern basis is...

Going concern is a basic underlying assumption in accounting. Explain why the going concern basis is important in understanding financial statement; Support your answer with evidences

What is the issue with going concern? How do auditors discover there is a going concern...

What is the issue with going concern? How do auditors discover there is a going concern for a client? What should an auditor do if the auditor feels there is a going concern issue? Please describe the implications on the auditor's report of a client's going concern issue.

a) The Conceptual Framework includes the Going Concern Assumption. What is the going concern assumption, and...

a) The Conceptual Framework includes the Going Concern Assumption. What is the going concern assumption, and how does it affect the financial statements we prepare? b) Why is it important that a manufacturer disclose the cost of each classification of ending inventory that it holds at year end?

2. Answer the following about Viruses with a simple 2-3 sentence (or more if you needed)...

2. Answer the following about Viruses with a simple 2-3 sentence (or more if you needed) a.Describe the importance of viruses ecologically, evolutionarily, and with respect to human disease b.Explain the difference between enveloped and nonenveloped viruses. c. Compare and contrast the viral replicative (lytic) vs. the lysogenic cycle. d. Discuss the three hypotheses for the origin of viruses and explain how they continue to evolve. e. Describe some of the problems caused by emerging viral diseases, and give at...

a) What are the auditor's responsibilities for 'going concern assumptions’'? (2 marks) (b) Maxim Stewart is...

a) What are the auditor's responsibilities for 'going concern assumptions’'? (b) Maxim Stewart is the partner in charge of the audit for a new client, Southern Southerland (SS). The client engaged Maxim's audit firm in November 2017, in preparation for the 2018 audit. From 30 January 2018 onwards, SS has consistently paid its suppliers late, well in excess of the suppliers' agreed credit terms. This has resulted in some suppliers demanding cash on delivery from SS. Maxim is also aware...

(a) What are the auditor's responsibilities for 'going concern assumptions’'? (2 marks) (250 - 300 words)...

(a) What are the auditor's responsibilities for 'going concern assumptions’'? (250 - 300 words) (b) Maxim Stewart is the partner in charge of the audit for a new client, Southern Southerland (SS). The client engaged Maxim's audit firm in November 2017, in preparation for the 2018 audit. From 30 January 2018 onwards, SS has consistently paid its suppliers late, well in excess of the suppliers' agreed credit terms. This has resulted in some suppliers demanding cash on delivery from SS....

Explain the different between the 3 types of agency relationships; (1) a principal-agent relationship; (2) an...

Explain the different between the 3 types of agency relationships; (1) a principal-agent relationship; (2) an employer-employee relationship; (3) a principal-independent contractor relationship. Provide an example of each one. Name the 4 ways agency can be terminated and provide an example of each one.

When it is considered imninent that a company is no longer a going concern and the...

When it is considered imninent that a company is no longer a going concern and the company needs to liquidate its assets, under the Liquidation Basis of Accounting, the assets should be valued at A) original cost B) Net realizable value (NRV) C) amount expected to be generated upon liquidation. D) Fair market value at date liquidation is considered imminent

write a 2 - 3 sentence summarizing the process of DNA replication

Describe the going concern assumption and describe how it is considered by auditors.

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