Stretton Company Limited,a private company,was started on January 1,2018.For the first year,the chief accountant prepared the financial statements and a local accountant completed the necessary review of these statements.However,for the year ended December 31,2019,an external auditor was appointed.The income statement for 2018 and the preliminary amounts for 2019 are as follows:

In the process of examining the accounting records the auditor noted the following issues:

Question

Stretton Company Limited,a private company,was started on January 1,2018.For the first year,the chief accountant prepared the financial statements and a local accountant completed the necessary review of these statements.However,for the year ended December 31,2019,an external auditor was appointed.The income statement for 2018 and the preliminary amounts for 2019 are as follows:
  
In the process of examining the accounting records the auditor noted the following issues:

Quizplus · Accepted Answer

The Answer of Stretton Company Limited,a private company,was started on January 1,2018.For the first year,the chief accountant prepared the financial statements and a local accountant completed the necessary review of these statements.However,for the year ended December 31,2019,an external auditor was appointed.The income statement for 2018 and the preliminary amounts for 2019 are as follows:
  
In the process of examining the accounting records the auditor noted the following issues:

Stretton Company Limited,a Private Company,was Started on January 1,2018