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Question: For your next orientation meeting with your new hire, and to be helpful when other new accountants are hired, prepare a PowerPoint presentation of 5-10 slides with speaker notes that includes the following:
• Describe and explain at least 3 differences in for-profit entities and governmental agencies that cause them to have different required accounting procedures; include an example of each.
• At least 1 slide should explain which regulating authority oversees the accounting rules for governmental vs. for-profit entities. Include an example and brief explanation, in your own words, of the most recent new guideline established by the agency overseeing government accounting. Access the following Web site: gasb.
• At least 1 slide should explain at least 2 differences between governmental entities and nonprofit, nongovernmental agencies, including an example of each difference.
After claiming depreciation of the truck of $4000, Sarah's business sells the truck for $13,000 several years later. What is the bus's gain or loss on the sale
Briefly explain the rationale for a sale and leaseback and the advantages for firms engaging in such an exercise.
Ethical Code in cost & Management Accounting, CIMA has provided the following as elements of code of conduct to be followed by cost and management accounts. Define and explain them in relation to cost and Management Accounting.
What was the balance in Work in Process Inventory on January 1 if this was the only unfinished job
Credit Labor Efficiency Variance for $25,000Debit Labor Rate Variance for $35,000Credit Wages Payable
classic chef appliance company manufactures home kitchen appliances. the manufacturing process includes stamping final
progo plans to sell 1200 carriers next year and has budgeted sales of 48000 and profits of 20000. variable costs are
On September 15, the petty cash fund was increased to $125 in total. Record the above transactions in general journal form
Create an argument supporting that using the market-based valuation method yields the most accurate results. Provide support for your argument.
Compare target costing and cost-plus pricing. When is each the most appropriate method to use? Provide an example of each
What is the purpose of tax planning? How do we conduct tax planning? How could tax planning lead to unethical behavior? - Answer in 150-200 words
market company begins the year with 200000 of goods in inventory. at year-end the amount in inventory has increased to
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