BUS-A 100 Study Guide - Final Guide: S Corporation, Financial Statement, Accounts Receivable

• School: IU
• Department: Business
• Course: BUS-A 100
• Professor: All

Document Summary

1 which of the following is the best opinion on financial statements a company can receive from its auditor? a qualified (or modified) opinion. Unmodified (or unqualified) opinion c opinion of agreement d acceptable opinion e outstanding opinion. 2 which of the following is true about sarbanes-oxley? a it came about as a result of the great depression. 3 which of the following is true of the audit committee? a it is made up of both external and internal auditors. 4 which of the following types of businesses are considered "pass-through entities"? a regular corporation, limited-liability company, proprietorship, partnership. Partnership, proprietorship, s corporation, limited-liability company c limited-liability company, s corporation, regular corporation, partnership d proprietorship, partnership, regular corporation, s corporation e proprietorship, regular corporation, s corporation, limited-liability company. Use the following table to answer question 5: 5 hayes & company has total gross income of ,000, deductions of ,000, credits of ,000, and a tax exclusion of ,000.