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Find a recent article related to "Accrual versus Cash Accounting," "Revenue Recognition," or "Accounting Fraud." Then please provide the webpage link of the article together with the answers to the following questions.
Problem 1: How is your article of choice related to topics above and why you think it is interesting?
Problem 2: What are the practical implications of this article?
A company has bonds outstanding with a par value of $100,000. The unamortized premium on these bonds is $2,700. If the company retired these bonds at a call price of 99, the gain or loss on this retirement is:
Universal Foods issued 12% bonds, dated January 1, with a face amount of $175 million on January 1, 2016. The bonds mature on December 31, 2030 (15 years). Determine the price of the bonds at January 1, 2016.
ABC corp. issued a 3 and a half year, 4%, $100,000 of par value bonds on January 1, 2016. What is the market rate of the 3 1/2-year ABC bond
Provide the report to the head of the union. Milk-Vita Dairy Firm Ltd. (Milk-Vita) is a medium-sized dairy operating in Atlantic Canada.
Assume today is January 1, and that you are going to purchase this new car with cash only in 7 years. What is the value of your new car?
Faster Manufacturing Company is evaluating a capital project that requires an initial investment of $283,000. Managers estimate that for the next 12 years, the project will result in a $200,000 increase in annual cash inflows and a $150,000 increase ..
A primary advantage of using computer-assisted audit techniques (CAATs) packages to audit the financial statements of a client that uses computerized information systems is that the auditor may
On October 29, 2013, Miss Joan Seely (SSN 123-45-6789) sells her principal residence for $150,000 cash. she purchased the residence on May 12, 2004, for $85,000. She spent $12,000 for captital improvements in 2004. To help sell the house, she pays $3..
Martinez Company owns a building that appears on its prior year-end balance sheet at its original $572,000 cost less $429,000 accumulated depreciation. The building is depreciated on a straight-line basis assuming a 20-year life and no salvage value...
Prepare a Cash Flow Statement using the indirect method and the most recent data is in the first column
Calculate the average cost of capital. If company invest in project that produce that produce return 15%. Would you invest in that project?
Draw up a trial balance for Country Furniture as at 31 December 1998 and show the figure for capital.-Stock at the beginning of the year was the equivalent of 2 months sales.
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