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Assignment - Accounting - Presentation slides Fair Value Issues
a. Describe the "Subprime financial crisis" (1. the history, 2. what are the potential causes of the crisis? etc.)
b. Explain the "Fair value accounting" from the FASB Accounting Standards Codification. What are the strengths and weaknesses of the fair value accounting? Compare the Fair value accounting with Historical cost accounting and discuss strengths and weaknesses of each method.
c. Do you agree with the argument that the fair value accounting contributed to and exacerbated the subprime financial crisis? Explain why or why not.
d. Should the FASB reconsider its move towards the fair-value accounting?
The fair market value of his 401(k) plan was $400,000 December 31, 2020. What is the amount of Lee's initial required minimum distribution for 2021?
Discuss What is the market for corporate take overs and how would its existance encourage organisations to make accounting disclousures even
In a service organization, accounting charges overhead to jobs based on hours worked on the job. Actual overhead incurred is $15,000.
Justin Brimer owns his own taxi, for which he bought a $23,000 permit to operate two years ago. Mr. Brimer earns $34,000 a year operating as an independent.
Calculate the average accounts receivable, Calculate the accounts receivable turnover ratio
the manufacturing overhead budget at mahapatra corporation is based on budgeted direct labor-hours. the direct labor
Prepare the journal entry to record the impairment of the asset at December 31, 2017. The company does not use accumulated amortization accounts
Mellon Corporation for the year ended, If Mellon estimates its bad debts at 2% of net credit sales, what amount will be reported as bad debts expense for 2017?
Best Birdies produces ornate birdcages. The company's average cost per unit is $18.00 when it produces 2,200 birdcages
It expects to last the whole life of this business $2,000. Is the $2000 spent on the website
Unearned revenues rent. On December 1, 2013, an advance rent payment of $12,900, representing a three month prepayment for the months of December, January, and February, was received in cash from the company's tenant.
These multiple choice questions relates to Accounting. The first question discuss about variable overhead efficiency variance and the second question is about the criticism for standard costing system
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