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Many companies hold equity securities of other companies as investments. The journal entries and accounting methods differ, depending on the percentage of interest held. Discuss briefly the various categories of these investments and why the accounting approach differs.
As the accounting manager, write a memo to Mr. Talbott, explaining why the ending inventory figure should be extremely accurate, with as little slack as possible.
The Federal Circuit Court has ruled that wholesale distribution and retail sales, even of the same product, constitutes distinct businesses. In a case involving a taxpayer from another circuit, the Tax Court has ruled that such costs invariably sh..
on august 1 2010 dambro co acquired 200 1000 9 bonds at 97 plus accrued interest. the bonds will be added to dambros
Poobah Manufacturers Inc. has estimated total factory overhead costs of $95,000 and 10,000 direct labor hours for the current fiscal year. If job number 117 incurred 1,600 direct labor hours, the work in process account will be debited and factory..
Describe what accounting convergence means and assess the likelihood of the convergence being completed and implemented in the next five (5) years.
What factors create needs for changing pension expense every year? If you worked in management at a company, what criteria would you evaluate in making pension decisions every year?
q1 if a petrochemical firm that used oil as feedstock merged with an oil producer that had large oil reserves and a
data related to the acquisition of timber rights and intangible assets during the current year ended december 31 are as
smoluk mining co. is currently operating less than 50 of capacity. the management of the company expects sales to drop
on april 1 2010 fin co. purchased 160000 of 6 bonds for166300 plus accrued interest as an available-for-sale security.
Which method is approved by GAAP? Why? What are the positives and negatives of each? Is it legal for an organization to keep two sets of accounting records; one for tax and one for book? Why or why not? What transactions might fall under a dual me..
A company wants to buy $30 million in materials and services from suppliers in China, Japan, and South Korea. Discuss how the company would negotiate using the win-win model. What sort of strategies would it use?
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