32 C CHECK-UP from the list Fil in the blanks with the correct terms f Allotment Byfaws Common stock Distributed Dividends Founder's shares Legal entity Organisational structure Preferred shares Property 1 our company doesn't yet exist in the eyes of the law. 2 We've purchased some buildings and machinery We some 3 And we've planned the way it will be put together, we've planned the 4. We've also decide on the plan for giving out the shares. The shares has been determtod 5 The rules of the company have not been written we have no 6 A few shares for assistance in setting up the company will be issued we issue some 7. And some of the office will be issued shares which give them special rights of to both profits and to company property. They'll receive . 8 But most of the shareholders will receive the most usual type of partial ownership In a company. They'll hold 9 All of these people will of course, receive portions of the profits. They' be paid 10. I don't know when the shares will be given out. I can't say when they
Audit Reports
Comp r ehensive Material Series Audit R eports 1) Explain why auditors’ reports are important to users of financial statements and why it is desirable to have standard wording. : Auditor's r eports a r e important to users of financial statements because they info r m users of the auditor's opinion as to whether or not the statements a r e fairly stated or whether no conclusion can be made with r ega r d to the fai r ness of their p r esentation . User s especiall y loo k fo r an y deviatio n f r o m th e wo r din g o f the standa r d unqualified r eport and the r easons and implications of such deviations. Having standa r d wo r ding imp r oves communications for the benefit of users of the auditor’s r eport. When the r e a r e departu r es f r om the standa r d wo r ding, users a r e mo r e li k e...
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