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Question 1: Global Telecom Inc. has positive cash flows from operating activities of $84,000, negative cash flows from investing activities of $160,000, and positive cash flows from financing activities of $110,000 for 2020. During 2020 Global Telecom issued 10,000 common shares for $100,000 and issued bonds for $10,000 which were used to purchase equipment to expand production. Analyze Global Telecom's financial flexibility.
Discuss what is meant by the term “auditing around the computer”. Discuss circumstances that must exist for the auditor to “audit around the computer”.
Y has an expected rate of return of 16% and a standard deviation of return of 48%. What is the weight of security Y in the minimum variance portfolio
What amount should be reported as diluted EPS? On January 1, 2019, Helen Company had 100,000 ordinary shares outstanding and 50,000 7%
Compute D1, D2, D3, and Dt for all future years. Assume you expect a company's net income to remain stable at $1,100 for all future years
Identification and discussion of how you would utilise Sage Line 50 in developing a system which fully meets their requirements.
evaluating a special order and its impact on the companys income.miyamoto jewelers is considering a special order for
What was the price variance for the direct materials acquired by the company during March? - What was the direct materials quantity variance for March?
Prepare the debit section of the adjusted trial balance. Prepare the income statement using the multiple-step format. Prepare the Statement of Retained Earnings. Prepare a classified balance sheet.
Noncash investing and financing activities. Give three examples of significant noncash transactions that would be reported in this section.
Finished goods inventory at the end of 2013 was 10,000 units. On average, 25 percentof the futons to be sold in the next month are produced and kept as ending balance infinished goods inventory. The planned selling price is $150 per unit.
What amount should Oak City report for 2012 property tax revenues in the Statement of Revenues, Expenditures, and Changes in Fund Balances prepared
Analyze accounting situations to apply the proper accounting rules and make recommendations to ensure compliance with generally accepted accounting principles.
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