EarthWear Mini-case Audit Simulation-part 1
INSTRUCTIONS:
Find the information requested below and record your answers in the space provided as evidence that you've visited the sites. Remember that the purpose of this exercise is to become familiar with these websites, so please take a few minutes to look around. This activity is not meant to be difficult but the more familiar you are with these sites the more time you will save on future assignments.
2. How much did Accounts Payable change in dollars and percent from 2014 to 2015?
3. In which of the last 5 years was EarthWear's Net Income highest, and what was Net Income in that year?
4. Does EarthWear use the FIFO or LIFO inventory valuation method?
5. What 5 services does Willis & Adams, CPAs provide to clients? Refer to the Willis & Adams website?
6. What are the names of the three current staff accountants listed on the Willis & Adams website?
7. What is the date of Willis & Adams' most current engagement letter with EarthWear?
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Rating:
/5
Solution: EarthWear Mini-case Audit Simulation-part 1