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Question: After reading the required background resources for this Module, compare and contrast financial accounting and managerial accounting. What are the purposes and the critical functions of each? Explain your answer in a 200-word summary, using peer-reviewed sources to support your explanations.
Your posts will be graded on how well they meet the Discussion Requirements posted in the "Before You Begin" section". Please review this section, as well as the discussion scoring rubric.
1. how is the income statement of a service company different from the income statement of a merchandising company?2.
What alternative methods of accounting were considered by the FASB?
The machine, including sales tax, was purchased on open account, with payment due in 30 days. The other expenditures listed above were paid in cash.
Natalie and Curtis have comparative balance sheets and income statements for Cookie & Coffee Creations Inc. They have been told that they can use.
Financial Statement Terminology: Business AssetsResources. Identify other issues that might not have been considered.
Sold land costing $325,000 for $420,000 cash, yielding a gain of $95,000. Use the above information to determine company's cash flows from investing activities
Paul is concerned because the Green bonds were worth only $18,000 at the end of 2013, $5,000 less than he paid for them. He is an inexperienced investor and wants to know if this $5,000 is deductible.Draft a brief letter to Paul explaining how to han..
How do permanent accounts differ from temporary accounts? Why are the income statement accounts closed but the balance sheet accounts are not?
at december 31 2011 and 2010 miley corp. had 180000 shares of common stock and 10000 shares of 5 100 par value
Where in the closing process is the easiest for mistakes to be made while processing account transactions. What makes them confusing or opens them for mistakes?
Identify some of the advantages and disadvantages of purchasing a database package instead of taking the DaaS approach.
Discuss which rate is actually the cheapest rate. What are three common mistakes most homebuyers make when looking at quoted mortgage rates?
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