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a) which concept or assumption has been violated, and;
b) what the correct treatment should be.
1. Carmel's business has $35,000 of outstanding debtors on its books, and she is quite certain that $4,000 of this debt will prove impossible to collect. Carmel has instructed the accountant at your firm to make no adjustments to the ledger and the reports since "they're still our debts and therefore still assets of this business."
2. Matthew, the proprietor of a retail bookshop has taken four books from the business to give to friends as birthday presents. He recorded this as an expense in the bookshops accounting records.
Refer to RE23-2. Assume the pretax cumulative effect adjustment is $50,000. Prepare the journal entry that Heller Company would make at the beginning of Year 2 to record the cumulative effect of the retrospective adjustment for the change from LIFO t..
the account balances appearing on the trial balance were taken from the general ledger of flips copy shop at june 30
heartland paper company is considering the purchase of a new high-speed cutting machine. two cutting machine
Prepare a Sales Budget Report for the month of June for Jamie Company which shows whether the company achieved its planned objectives
coverall carpets inc. is planning to borrow 12000 from the bank. the bank offers the choice of a 12 percent discount
prepare a differential analysis as of september 12 2012 to determine if product t should be continued alternative 1 or
the company must pay one-half of the $100 per employee weekly health insurance
Find a journal article online about absorption and/or variable costing. In the subject line of your post, include the title of the article that you read.
Create the journal entry when the service is provided.
What are some of the ethical responsibilities and obligations that management accountants have within an organization? Provide some examples. Are these responsibilities different than the obligations for financial accountants?
Discuss the nature of the deferred income tax accounts and possible classifications in a company's balance sheet. Indicate the manner in which these accounts are to be reported.
if a gain of 8242 is incurred in selling for cash office equipment having a book value of 56658 find the total amount
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