Prompt: Submit a draft of the first three elements of the Assessment Plan section (Section III) of your final project. Keep in mind the importance of unbiased data collection while considering your assessment plan. Be sure to address…
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Similar Triangles Project
You will create a picture of a noun with at least 18 triangles (similar triangles) on an 11in X 14in poster board or construction paper. Make sure you include a title of your noun on the top of…
Library Resource Assignment
Library Resource Assignment (pdf file Download pdf file or docx file) Students: Your assignment is to visit your local public library* to discover the types of resources, materials, classes, information and opportunities that might support children and families in the…
Analyze the general ledger account for bonds payable, interest expense, and unamor- tized bond discount or premium. 2. Obtain a confirmation from the bondholder. 3. Obtain a copy o
The following are frequently performed audit procedures for the verification of bonds payable issued in previous years: 1. Analyze the general ledger account for bonds payable, interest expense, and unamor- tized bond discount or premium. 2. Obtain a confirmation from…
What type of evidence would you examine to support the beginning balances in the accounts? b. What types of evidence would you use to support the additions to each account? c. What types of evidence would you examine to support payments? d. What procedures
Your client, EKB, Inc., prepared the following schedule for long-term debt for the audit of financial statements for the year ended December 31, 2019: Notes Payable Description Interest Rate Due Date 1/1/19 Beginning Balance Additions Payments 12/31/19 Ending Balance Mortgage…
Obtain a list of notes payable from the client, foot the notes payable balances on the list, and trace the total to the general ledger. 2. Examine signed documents for all outstanding notes included on the listing. Compare
The ending general ledger balance of $568,000 in notes payable for the Kolman Production Company is made up of 20 notes to nine different payees. The notes vary in duration anywhere from 30 days to two years, and in amounts…
The debtor company shall endeavor to maintain a working capital ratio of 2-to-1 at all times, and in any fiscal year following a failure to maintain said ratio, the com-
The following covenants are extracted from the indenture of a bond issue. The indenture provides that failure to comply with its terms in any respect automatically makes the loan immediately due . List any audit steps or reporting requirements you…
Explain why it is desirable to prepare an audit schedule for the permanent file for the mortgage. What type of information should be included in the schedule?
The Redford Corporation took out a 20-year mortgage on June 15, 2019, for $2,600,000 and pledged its only manufacturing building and the land on which the building stands as collateral. Each month subsequent to the issue of the mortgage, a…
Are all entries in the owners’ equity accounts authorized at the proper level in the organization?
Items 1 through 6 are common questions found in internal control questionnaires used by auditors to obtain an understanding of internal control for owners’ equity. In using the questionnaire for a client, a “yes” response indicates a possible internal control,…
Review articles of incorporation and bylaws for provisions about owners’ equity. 2. Analyze all owners’ equity accounts for the year and document the nature of any recorded change in each account. 3. Confirm capita
The following audit procedures are commonly performed by auditors in the verification of owners’ equity: 1. Review articles of incorporation and bylaws for provisions about owners’ equity. 2. Analyze all owners’ equity accounts for the year and document the nature…