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1. Describe the accounting concepts that focus on determining the amount of cost, when costs should be recorded, and to what costs should be compared.
2. What are some of the cost measurement and cost recognition differences between the two basic types of product costing systems?
Calculate the predetermined overhead rate and compute the total manufacturing overhead applied to the Work in Process Inventory account during the first month of operations.
All costs incurred were debited to the appropriate account and credited to Accounts Payable - Basic Cost Flow Model
What are revenues and expenses and if revenues increase, what would be the effect, if any, on equity?
Prepare a complete statement of cash flows
What number of diluted weighted-average shares outstanding was used by Intel in computing earnings per share for 2011 and 2012? What were Intel's diluted earnings per share in 2011 and 2012?
how much will retained earnings be reduced and what is the par value of the common stock to be issued? (c) What is the paid-in capital on common stock?
Describe the individual allowance consideration and are some of these allowance considerations normal for most companies?
What is the impact on the cost of the machine of the interest paid on the 10 percent note? Under what circumstances can interest expense be included in acquisition cost?
How are contributions recorded? Is there a distinction between pledges receivable and accounts receivable - and are there circumstances when financial statements can quantify volunteers' services?
Determine the quick ratio for December 31, 2008 and 2007 and interpret the change in the quick ratio between the two balance sheet dates.
Prepare a schedule to be presented to management for the mileages of 5000, 10 000, 15 000 and 30 000 miles per annum - state the approximate total costs applicable to 18 000 miles and 25 000 miles and the total cost per mile at these two mileages.
Find decisions that managers like Choi must make in applying depreciation methods and is Choi's rule an ethical violation, or is it a legitimate decision in computing depreciation?
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