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What are the advantages and disadvantages of the computer-assisted audit technique known as parallel simulation?
What is the difference between the conventional test data approach and the integrated test facility approach?
In lieu of traditional testing, what approaches can be used in on-line entry/on-line processing systems?
Prepare journal entries required at December 31, 2010, and December 31, 2011, assuming that the inventory is recorded at cost and an allowance account is adjusted at each year-end under a perpetual system.
A firm operate at 90% of capacity for the past year, during which fixed costs were $320,000, variable costs were 60% of sales and sales were $1,000,000. What is operating profit was?
What is the minimum annual interest rate they must earn to achieve their goal of $20,300 if the interest is compounded semi-annually?
Interest is at 12%. Assume cash flows occur at the end of the year. Calculate the total present value of the cash flows.
what is the impact of goodwill in explaining the difference in Nokia's net income and shareholders' equity under IFRS versus US GAAP?
Suppose that the nominal accounts are nto closed out at the end of the fiscal period. How does it affect accounting data for the next fiscal period?
Making decision for discontinue production of subassemblies and purchase from an outside supplier.
High-volume retailers generally use the retail method for valuing inventories Instead of the various cost methods. Identify and evaluate the conditions that may distort the results under the retail method.Compare the advantages of using the retail..
Isaac Company has a selling price of $10 per unit and expects to maintain ending inventories equal to 25 percent of the next month's sales. Calculate the budgeted beginning balance in units for finished goods inventory on November 1?
Which of the following is the most important audit consideration when examining the stockholders' equity section of a client's balance sheet?
Marketability Commercial banks use some funds to purchase securities and other funds to make loans. Why are the securities more marketable than loans in the secondary market?
Assume the bonds are sold at par, and that interest is paid semi-annually. Record below the sale and the first interest payment.
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