This preview has intentionally blurred sections. Sign up to view the full version.View Full Document
Unformatted text preview: employees in the summer of 2008 led to a decline in sales and net income. After making several tests of sales records, nothing came to our attention that would indicated that sales have not been properly recorded. In our opinion, with the explanation given above, and with the exception of some minor errors that are considered immaterial, the aforementioned financial statements present fairly the financial position of The Rancho Corporation at July 31, 2008, and the results of its operations for the year then ended, in conformity with pronouncements of the Accounting Principles Board and the Financial Accounting Standards Board applied consistently throughout the period. Timothy Ross, CPA September 23, 2008...
View Full Document
This note was uploaded on 10/05/2011 for the course ACG 5637 taught by Professor Monikacaushoulli during the Fall '08 term at University of Florida.
- Fall '08