Sales Cutoff, Inventory Valuation and Materiality Today is March 19, 2021 and you work for the firm of Teper and Lubetsky, Auditors.
You are auditing the Singh Canada Company for its Sales Cutoff for the fiscal year
ending December 31, 2020.
Singh Canada Company management's draft financial statements include these items
on the Balance Sheet:
Current Assets:
$500,000 Cash
$700,000 Accounts Receivable
$600,000 Inventory.
$1,800,000 TOTAL Current Assets
Current Liabilities:
$1,000,000 TOTAL Current Liabilities
As a result, the Current Ratio = Current Assets divided by Current Liabilities = 1.8.​

> > objectives define federalism and explain why the framers adopted a federal system instead of a unitary system. categorize powers delegated to and denied to the national government, and powers reserved for and denied to the states, and the difference between exclusive and concurrent powers.

Exercise 4-9presented below is information related to martinez corp. for the year 2017.net sales $1,399,500 write-off of inventory due to obsolescence $80,440cost of goods sold 788,200 depreciation expense omitted by accident in 2016 43,600selling expenses 65,800 casualty loss 53,900administrative expenses 53,500 cash dividends declared 43,300dividend revenue 22,100 retained earnings at december 31, 2016 1,042,400interest revenue 7,420 effective tax rate of 34% on all items exercise 4-9 presented below is information relateexercise 4-9 presented below is information relate prepare a multiple-step income statement for 2017. assume that 61,500 shares of common stock are outstanding. (round earnings per share to 2 decimal places, e. g. 1.49.)prepare a separate retained earnings statement for 2017. (list items that increase retained earnings first.)

Describe a real or made-up but possible example of a situation where an employee faces a conflict of interest. explain at least two things the company could do to make sure the employee won't be tempted into unethical behavior by that conflict of interest. (3.0 points)