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1. What is XBRL? How will it effect financial reporting? Please Explain.
2. What are the main types of accounting software used in a restaurant setting or organization? What are the benefits and limitations of this software? Please Explain.
3. What are some of the hardware components of the PC at work? How are they different from the components of your PC at home? Please explain.
4. What are some of the challenges facing the accounting profession when doing business over the Internet? Please explain.
What is the Uniform Partnership Act of 1997 and what is the relevance to partnership accounting and what types of items are typically included in the partnership agreement? Explain.
Compute pension expense and prepare the journal entry to record pension expense and the employer's contribution to the pension plan in 2010.
At the end of the period it is necessary to close all temporary accounts. (1) Explain why this process is required and (2) provide an example of the closing of an expense account, Rent Expense in the form of a journal entry.
What is the difference between accrual-basis accounting and cash-basis accounting? Why would politicians prefer the cash basis over the accrual basis?
Monte and Allie each own 50% of Raider Corporation, an S corporation. Both individuals actively participate in Raider's business. Explain how the use of the losses in Part a would change if instead Raider were a partnership and Monte and Allie wer..
What would incomplete units physically look like at the end of any given part of the process? For example, at the end of the distillation process and then at the end of the final bottling process
How has the 2007-09 Global Financial Crisis affected the procedures of global economic governance?
What is the acquisition cost of each asset? Prepare a journal entry to record the acquisition. Danny plans to depreciate the operating assets on a straight-line basis for 20 years. Determine the amount of depreciation expense for 2008 on these newl..
Perform an Internet search using the term, flexible budgets, and locate an article (from 2012) from the results of your search.
Jimmy owns a trucking business. During the current year he incurred the following:
Over the next few years companies will be shifting away form GAAP to IFRS (International Financial Reporting Standards). GAAP was a rules based approach to accounting where IFRS is a more principals based approach to accounting.
Building an Income Statement, During the year, the Senbet Discount Tire Company had gross sales of $1.06 million. The firm's cost of goods sold and selling expenses were $525,000 and $215,000, respectively. Senbet alo had note payable of $800,000...
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