Davis Company has the following accounts and balances at the end of the year: Cash, $1,200 Accounts Receivable, $280 Office Equipment, $3,000 Accounts Payable, $1,400 Income from Services, $3,500 Rent Expense, $670 Salaries Expense, $1,000 R. Davis, Capital at the beginning of the year was $2,050 . Rob Davis also withdrew $800 from the company during the year. What is the amount of total assets
reported on the balance sheet?
a. $1,480
b. $9,800
c. $3,080
d. $4,480
d
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When the financial statements contain a misstatement, the effect of which is material but not pervasive, the auditor should
a. Qualify the opinion and include a basis for qualified opinion paragraph that describes the matter resulting in the qualification. b. Qualify the opinion and describe the misstatement within the opinion paragraph. c. Disclaim an opinion and explain the effect of the misstatement in a disclaimer of opinion paragraph. d. Disclaim an opinion and describe the misstatement within the opinion paragraph.
Sean has high task performance but low organizational commitment. He can be described as _________.
Fill in the blank(s) with the appropriate word(s).