Given is the following linear equation system: 1) 6x-3y=-3.0…

Given is the following linear equation system: 1) 6x-3y=-3.00 2) -2y+1.5z=4.00 3) 2x-5z=-5.00 4) 1.5x-y+2z=0.80 5) -1.5x+y+3.5z=2.10 In order to find the most probable values for the unknowns, one would need to perform a Least Squares adjustment. Determine some of the characteristics of this Least Squares adjustment as follows: a)  Number of unknowns: b) Number of residuals: c) Number of normal equations: d) Degrees of freedom:

During your audit of the December 31, 2020 financial stateme…

During your audit of the December 31, 2020 financial statements of Ronaldo, Inc., you conduct testing on the acquisition and expenditure cycle. There are several misstatements in this cycle, but of course, you don’t know that before the audit begins. Pick 3 of the 5 misstatements listed below and for each of the misstatements you select, identify a) one affected account and the management assertion violated, b) a specific internal control activity/procedure the client could implement to prevent this misstatement from occurring in the future, and c) a specific substantive audit procedure the auditor could perform that would detect the misstatement. Example: An account receivable was still recorded despite the customer returning the goods. Account & Assertion: Accounts Receivable, Existence. Control Activity: Daily reconciliation of authorized returns with customer receivable accounts. Substantive Audit Procedure: Evaluate sales returns subsequent to year-end. Misstatement #1: The company neglects to record an accounting entry as of year-end for the receipt of consulting services in late December. Misstatement #2: The company receives a new production machine in late December but doesn’t forward the receiving report to the accounting department until January. Misstatement #3: The company rents a building for its corporate offices. The rental agreement stipulates that the building owner is responsible for landscaping. At the end of December, a landscaper does work around the building and sends an invoice to the company instead of the building owner. The company enters the invoice as a payable. Misstatement #4: The company receives a vendor’s invoice at the end of December that lists an incorrect price for some inventory. The company doesn’t catch the error and enters the incorrect invoice amount in the accounting entry. Misstatement #5: The company paints the walls in the entryway of the corporate offices in late December using the company’s new logo colors. The company improperly capitalizes the cost of the paint job as an addition to the carrying value of the building. Format your answer like this: Misstatement #… a) b) c) Misstatement #… a) b) c) Misstatement #… a) b) c)