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Question :
Generally, when the accounting fraud was revealed, finger would be pointed to auditors. What is the reason of the blaming?
1. To undertake a literature review to the factors of expectation gap caused.
2. By interviews and questionnaires to find out the concepts and opinions of auditors and accountants on the fraud.
3. Analyze the results and explain why the auditors get blamed.
4. Form conclusion to offer recommendations on ways to minimize AEG.
Assuming Dodger's tax rate is 30 percent in all periods, and that the company uses the carryback provisions, what amount should appear in Dodger's statements for financial reporting purposes as a net loss in 2011?
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The Pearce Club, Inc., is considering investing in an exercise machine that costs $5,000 and would increase revenues by $1,500 a year for five years. Calculate the equipment's internal rate of return. Assume that the tax rate is 30 percent.
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