How would the supplemental report change if net earnings after taxes were $1,020,000 and dividends paid were $80,000?
Nilsson, CPA, is conducting the audit of Ellison Waste Management Corporation. In addition, a supplemental negative assurance report is required for a major mortgage holder. The supplemental report concerns indenture agreements to keep the client from defaulting on the mortgage. Total assets are $14 million, and the mortgage is for $4 million. The major provisions […]