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Discussion 1: Describe two U.S. or international accounting fraud cases related to improper revenue recognition. Cite the resource where you found the information.
Discussion 2: Reflect on each fraud case, and share your thoughts on why it was deemed fraud and how a company can avoid making similar mistakes.
Indicate whether each of the following accounts normally has a debit balance or a credit balance: Salaries, Payable Cash, Prepaid Insurance, Common Stock
Determine who should be held liable for any breaches that occur, and indicate the course(s) of action that should be taken.
The production department in a process manufacturing system completed 191,500 units of product and transferred them to finished goods during a recent period.
Abbey is much more creditworthy and has various line
If Toby and Nancy filing status is single, calculate each of their Gross income and AGI, standard deduction, taxable income, and income tax
Steve & Company earned income of $68,000 and paid dividend $16,000. Prepare the entries for Dundar Mifflin for the purchase of the stock
Which of the following is not a benefit of budgeting?
On November 6, 2009, a company pays $2,400 for next year's rent. How would you record the payment in the company's books
How can any of these providers take greater advantage of a CRM philosophy? Most of them have little by way of retention programs, e.g., customers can cancel.
Compute the amount of phantom profit that would result if the company used FIFO rather than LIFO
Eryl decided to become a full time artist and paint portraits of people. What is the closing equity amount based on the Statement of financial position?
Determine 3 key balance sheet accounts at risk, why they are at risk of material misstatement ie. Audit risk, and the key assertions impacted
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