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Author Archives: Anonymous

Use the information above, but change the following assumpti…

Use the information above, but change the following assumptions: The mortgage attached to the building and land was $600,000 The building has a FMV of $250,000 The land has a FMV of $530,000 Total FMV $800,000; AB of $410,000   E. What amount of gain/loss does Lorrie recognize as a result of the transfer?

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Rhett contributes a piece of equipment that he had used in t…

Rhett contributes a piece of equipment that he had used in trade or business for the last six months to Jack, Inc. in exchange for a 20 percent ownership interest. Which of the following is true regarding the holding period of the equipment in the hands of Jack, Inc.?

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Select the assertion each testing strategy most directly cov…

Select the assertion each testing strategy most directly covers: Sheet-to-Floor Directional Testing – Selecting Items From the Inventory Records and Counting Them on the Shelves: [assertion1] Floor-to-Sheet Directional Testing – Selecting Items From the Shelves and Verifying they are Included on the Inventory Records: [assertion2]

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The standard accounts receivable positive confirmation is a…

The standard accounts receivable positive confirmation is a letter from [field1], to [field2], requesting a response directly to [field3].

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Completeness is a key Assertion for Accounts Payable. Prescr…

Completeness is a key Assertion for Accounts Payable. Prescribe a Substantive Test of Details (not “Initial Procedures”, “Analytical Procedures”, or “Tests of Controls” ) that helps to cover the Completeness Assertion for Accounts Payable. (1 to 2 sentences)  – Substantive Test of Details  –

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Exercise 2- The final design for a slab formwork for a slab…

Exercise 2- The final design for a slab formwork for a slab with clear dimensions of 12 ft wide by 24ft long (do not subtract wall thickness)  is as follows: Total pressure load=162 psf Materials: 7/8 in B-B plyform Class 1 Joists: 2×8 Douglas Fir-Larch (North) Construction Grade Stringers: 4×8 Douglas Fir-Larch (North) Construction Grade Shores:  Option 1: WACO Standard Post Shores Head plate is 6″x 6″ base plate is 8″x 8″ Option 2: 4×4 Douglas Fir-Larch (North) Construction Grade (F’c=400 psi, Pallowable=4900 lbs) Head plate is 6″x 6″ base plate is 8″x 8″ Design spacing: Joist spacing = 24 in Stringer spacing = 68 in Shoring spacing = 70 in

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A manager preparing performance appraisals is reluctant to g…

A manager preparing performance appraisals is reluctant to give an employee a low rating because the employee did a good job at the beginning of the year. This is an example of which performance appraisal rating error?

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Biographical data or biodata measures:

Biographical data or biodata measures:

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The use of the banding approach is based upon:

The use of the banding approach is based upon:

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The habit of hiding abstract things like love and death in a…

The habit of hiding abstract things like love and death in a multiplicity of vessels (e.g. oak trees, coffers, hares, ducks, eggs, etc.) may be a vestige of early Russian dualism.

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