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CA5-5 (Presentation of Property, Plant, and Equipment) Carol Keene, corporate comptroller for Dumaine Industries, is trying to decide how to present "Property, plant, and equipment" in the balance sheet. She realizes that the statement of cash flows will show that the company made a significant investment in purchasing new equipment this year, but overall she knows the company's plant assets are rather old. She feels that she can disclose one figure titled "Property, plant, and equipment, net of depreciation," and the result will be a low figure. However, it will not disclose the age of the assets. If she chooses to show the cost less accumulated depreciation, the age of the assets will be apparent.
a company can sell all the units it can produce of either product a or product b but not both. product a has a unit
Why do auditors have to consider the internal controls of the organization? What are some key elements of internal control? Which are the most important? How will the auditor have to modify the audit program if the internal controls are deemed ina..
A company purchased property for $100,000. The property included a building, a parking lot and land. The building was appraised at $62,000; the land at $45,000 and the parking lot at $18,000. The value of the land to be recorded in the accounting ..
clopack company manufactures one product that goes through one processing department called mixing. all raw materials
Find the appropriate SEC filing to identify the document where the IC report was filed with the SEC. A 10K-A is an an amended 10-k filing and a 20-F is a filing for foreign companies that contains the financial statement information.
1. how are budgets used for a company or in government? what would your suggestions be to balance our economic
A sale and deposit of $1,628.00 were entered in the sales journal and cash receipts journal as $1,682.00.
Not-for-profit organization formed on January
westerville company reported the following results from last years
1) Olga is the proprietor of a small business. In 2014, the business's income, before consideration of any cost recovery or § 179 deduction, is $104,000.
section anbspuse your kills to analyze compare criticize evaluate and justify the answers in a process to solve the
Cole is to receive a bonus of 20% of net income (after the bonus) and that the remaining net income is to be divided equally. If the partnership income before the bonus for Year 2006 is $57,600, Cole's share of the pre-bonus income is?
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