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Explain briefly the term systematic selection as used in auditing and indicate the precautions to be taken Explain briefly the term systematic selection as used in auditing and indicate the precautions to be taken if a random sample is to be obtained. Is systematic selection applicable to unnumbered documents? Explain.   ………………………….Answer preview……………………….. Systematic selection … Read more

M2A2 Assignment 2: Calculating Inventory M2A2 Assignment 2: Calculating Inventory Finlon Upholstery Inc. uses a job-order costing system to accumulate manufacturing costs. The company’s work-in-process on December 31, 2001, consisted of one job (no. 2077), which was carried on the year-end balance sheet at $156,800. There was no finished-goods inventory on this date. Finlon applies … Read more

What are all of the required components of preparing a budget What are all of the required components of preparing a budget? Who is involved? What other external influences and considerations need to be taken into account? How is a budget managed and controlled? What are the various techniques and tools? Explain. Revenue estimates and … Read more

What are the advantages/disadvantages of each allocation method Describe the three methods used to allocate joint costs.  What are the advantages/disadvantages of each allocation method?  Which method would you recommend?  Why?  Support your position with evidence from the text or external sources. 150 words minimum, , 1 reference-see the chapters attached for the reference below … Read more