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Problem 1: With a Kenyan Case example of your choice, Discuss the Kenyan pieces of legislation dealing with fraud. In each piece of legislation, explain the elements of fraud related offences under the Act and the penalties/punishment thereof. Candidates should also highlight the institutions created by each of the legislations in the fight against fraud.
At December 31, 2017, Blue Corporation had a projected benefit obligation of $551,500, Determine the pension asset/liability at December 31, 2017
ABC Limited, The company received applications for 110 000 shares. Which entries correctly records the refund of unsuccessful shares?
Do you think that "convergence" will be reached between US GAAP and IFRS on revenue recognition? Why or why not? What might be the areas of greatest difficulty.
What is an upstream sale? How it is different from downstream sale. Which company may have unrealized profit on its book in both the cases?
Computation and Evaluation of Activity Ratios - The company is planning to borrow $300,000 via a 90-day bank loan to cover short-term operating needs
Impairments are: a) recognized as a realized loss if the impairment is judged to be temporary. b) based on fair value for available-for-sale investments and on negotiated values for held-to-maturity investments.
In 2018, The Vault Company developed a new coal filter which removes 100% of the pollution from burning coal! With this new invention
On December 31, Hack reported a net loss of $6.3 million for the year. What amount of loss should Sox report on its income statement for 2016
The purpose of this assignment is to help you understand the basics of financial statement analysis using financial ratios on the assets section of the balance
Prepare the company's journal entry.Prepare the journal entry related to the bonds for January 1.Prepare the journal entry related to the bonds for July 1.
Calculate the ratios for 2014 and 2015. When data limitations prohibit computing averages, use year-end balances in your calculations
Records all transactions across the business network; the shared ledger is the system of record, the single source of truth. Is shared among all participants
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