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1. Not only are you a brilliant accountant, you also have a knack for technology. Over time you've been developing an idea for an internet search engine and email service that would make the founders of Google green with envy. You've begun offering this service for free to everyone, but to start earning revenues you've had to spend a lot of money on advertising. Because of this, you need to arrange for some major financing. Of course, you want to present strong Financial Statements to the loan officer. In a stroke of genius, you've decided to use your advertising expenditures as assets. Please discuss why this is a violation of the matching rule. Please also let us know how the advertising expenditures should be handled and on which financial statement they can be found.
2. Please give an example of an adjusting entry complete with debits and credits and state why that adjustment is important for the fair presentation of the financial statements.
3. Give 1 additional example of adjusting entries.
Prepare three new contribution margin income statements to reflect the three proposals (assuming there is no effect on sales)
1. which of the following is the correct sequence of events?aperforma balance sheet cash budget proforma income
Test equipment with no salvage value
Also, you have little control over your cost of goods sold because the appliance manufacturers set the price you must pay. Identify several strategies for doubling net income.
factory overhead absorption rate of a pharmaceutical is rs2.50. budgeted factory overhead at two activity levels is
Prepare a statement of cash flows using the indirect method. Flood damage is unusual and infrequent in that part of the country
1 on the balance sheet the amount shown for the allowance for doubtful accounts is equal to thea. uncollectible
Explain why you would also like to know the standard deviations of the battery life spans before deciding which brand to buy. Suppose those standard deviations are 1.5 months for the first company and 9 months for the second company. Does this chang..
This assignment will require you to analyze time series of monthly returns. Start by retrieving MONTHLY data for the period of June 30, 2011 - June 30, 2015 from Yahoo website for
Reporting on Comparative Unaudited Financial Statements. A. Jones, CPA, performed a review service for the Independence Company in 2014.
The variable cost per cake is $12. A special decoration per cake will add another $1 to the cost. Determine the differential income or loss per cake from selling the cakes.
On January 4 of this year, Larsen Boutique incurs a $95,000 cost to modernize its store. Improvements include new floors, ceilings, wiring, and wall coverings.
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