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Question: Prior to beginning work on this discussion forum, read Chapter 7: Fraud, Internal Control, and Cash, Chapter 8: Reporting and Analyzing Receivables, Chapter 9: Reporting and Analyzing Long-Lived Assets in your course text.
Consider the following scenario: Your friend (who is also in school) just emailed you to express frustration with his accounting class. In the email, they said, "Why do I need to take accounting? What will I ever need to know about reporting and analyzing long-lived assets? I am a management major."
In your initial post, write a 200- to 250-word response to your friend, including specific details about the benefits of learning accounting. Focus particularly on reporting and analyzing long-lived assets from a manager's perspective. Discuss the benefit and purpose of learning accounting as a business student.
During 2018, the company purchased 220 valves for $543,400. What is the material price and quantity variances for the model RN-3 valves
Identify the two committees of the AICPA that established accounting principles prior to the establishment of the FASB.
Alberta Company incurred research and development costs of $150,000, What amount should Alberta record as Amortization Expense
Net credit sales for the year totaled $200,000. What will be the balance in allowance for bad debts after the adjusting entry is recorded
You need to make a journal entry to record Tara's capital contribution of the land subject to the mortgage as of 1/1/2010
Prepare a journal entry to account for the payment to the retiring partner including bonus to or from the remaining partners. Include a narration.
Create a scatter chart that displays the variable total profit (and no other variables) as a function of the number of wardrobes produced and sold. At low production quantities, total profit may be negative but should still be displayed. Label you..
What is the estimated cost of the inventory lost in the fire using gross profit method
Evaluate the effect of the increased prominence of other comprehensive income on financial statement users and companies.
What is designated market value?
Windsor Company purchased a depreciable asset for $21,961 on the last day of month 6, year 1. The estimated salvage value is $528.
Write an essay explain what checks should they look at during the requirements review and explain requirements management planning of the project.
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