Which of the following uses fingerprint or hand-vein scan technology to produce the time and attendance file?

a. Biometric time clocks
b. Magnetic swipe ID cards
c. Mobile remote devices
d. Proximity cards

A

Business

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Brookside Equipment Company uses the periodic inventory system

Brookside reported the following selected amounts at June 30, 2017: Merchandise Inventory, July 1, 2016 $22,000 Merchandise Inventory, June 30, 2017 19,000 Purchases 96,000 Purchase Discounts 5,000 Purchase Returns and Allowances 8,500 Freight In 3,200 Sales Revenue 234,000 Sales Discounts 7,400 Sales Returns and Allowances 14,200 Common Stock 45,000 Retained Earnings 24.50 Requirement A: Compute net sales revenue. Requirement B: Compute cost of goods sold. Requirement C: Compute gross profit. What will be an ideal response

Business

Without affecting the CPA's willingness to express an unmodified opinion on the clients U.S. GAAP based financial statements corporate management May refuse a request to

a. Authorize its attorney to confirm that a list of pending or threatened litigation prepared by management includes all items known to the attorney b. Change its basis of accounting for inventory from FIFO to LIFO because in the opinion of the CPA the FIFO method failed to give adequate recognition to the extraordinary increases and prices of merchandise Acquired and held by the company c. Write down to salvage value certain equipment that is no longer useful d. Allow the CPA to examine tax returns for years prior to that of the financial statements being audited

Business