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Property, plant, and equipment is normally audited in a different manner than current asset accounts. Why is this so? Discuss the differences in how property, plant, and equipment is audited compared to current assets.
Prepare a depreciation schedule for the equipment using the double declining method; assume that Spark elects to switch to the straight line method in year three.
Computation of book value of preferred stock and common stock - Determine the book values per preferred share and per common share
At the beginning of 2007, a decision was made to change to the straight-line method of depreciation for this machine. Assuming a 30% tax rate, the cumulative effect of this accounting change, net of tax is?
What entry is necessary to adjust the accounting records for the change in accounting principle? (For multiple debit/credit entries, list amounts from largest to smallest eg 10, 5, 3, 2.)
the account was debited for a total of $4,250 and credited for a total of $5,340. What was balance in the Cash account at the beginning of October?
During July, the company purchases and uses 3,800 pounds of materials costing $19,570 in making 1,530 units of finished product. Compute the total, price, and quantity materials variances.
George and William Phelps are considering a 6 year project that would require a cash outlay of $80,000 for equipment and an additional $20,000 for working capital that would be released at the end of the project.
compute the “fair value” of the lease for some reason, but I think that would be a waste of time as we already know that the lease payment each month totals $ 25,000 and we have a three year lease on all the assets.
Find the correct entry for Flores on November 17, assuming the correct payment was received on that date and What is the correct entry for Flores on November 10?
Evaluate the total product cost for the year. Evaluate the total cost of the ending inventory. Evaluate the total of cost of goods sold.
Prepare the necessary entries to clear the Intangible Assets account and to set up separate accounts For distinct types of intangibles. Make the entries as of December 31, 2007,
Describe a cash management strategy that might require a minimum, as well as a maximum, cash balance of $10,000 at the end of each month.
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