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Comparing GAAP and IFRS.
Discuss this week's objectives and the following concepts comparing the GAAP to the IFRS. How do they relate to the practice of accounting and its uses in business?
how much cash does apple computer co. have if the firm has a current ratio of 2.5 a quick ratio of 1.2 and current
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2010 dec. 16 accepted a 10500 60-day 6 note dated this day in granting todd duke a time extension on his past-due
A company paid $500,000 for 12% bonds with a par value of $500,000. The bonds pay 6% interest semiannually on September 1 and March 1. The company intends to hold the bonds until they mature. Prepare the journal entries for the following dates and..
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Assume that Polar sold inventory to Icecap at a markup equal to 40% of cost. Intercompany transfers were $126,000 in 2008 and $154,000 in 2009. Of this inventory, $39,200 of the 2008 transfers were retained and then sold by Icecap in 2009 while $5..
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provide brief but complete i.e. succinct responses to the following1. name the two groups with claims on a companys
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prepare journal entries as of january 12 to record the payroll and the payroll taxes for the week ending january 8.
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