King, cpa, is auditing the financial statements of cycle company, a client that has receivables from customers arising from the sale of goods in the normal course of business. kind is aware that the confirmation of accounts receivable is a generally accepted auditing procedure. required: a. under what circumstances could king justify omitting the confirmation of cycle’s accounts receivable? b. in designing confirmation requests, what factors are likely to affect king’s assessment of the reliability of confirmations that kind sends? c. what alternative procedures could king consider

Which of the following is a problem for the production of public goods?

Larissa has also provided the following information. during the year, the company raised $36 million in new long-term debt and retired $20.52 million in long-term debt. the company also sold $22 million in new stock and repurchased $32.4 million. the company purchased $54 million in fixed assets, and sold $6,107,400 in fixed assets. larissa has asked dan to prepare the financial statement of cash flows and the accounting statement of cash flows. she has also asked you to answer the following questions: 1. how would you describe east coast yachts' cash flows? 2. which cash flows statement more accurately describes the cash flows at the company? 3. in light of your previous answers, comment on larissa's expansion plans.

Luc do purchased stocks for $6,000. he paid $4,000 in cash and borrowed $2,000 from the brokerage firm. he bought 100 shares at $60.00 per share ($6,000 total). the loan has an annual interest rate of 8 percent. six months later, luc do sold the stock for $65 per share. he paid a commission of $120 and repaid the loan. his net profit was how much? pls