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Assume an account receivable confirmation is returned with a note to the auditor describing a difference between your client's records and the customer's records. Clearly describe below two potential non-misstatement timing differences that could cause a discrepancy between a client's receivable records and his/her customer's records. The timing differences you describe should be such that after investigation you would determine that your client's receivable balance is not misstated due to these differences.
Give the appropriate journal entries for Lester Company through 31 st December, 2009. Based on the above lease contract, answer the following:-Item(s) and related amount(s) in years 2008 and 2009 reported on:1. Income Statement 2. Balance Sheet 3. S..
Kim is determining her retirement plan. Consider she has $500,000 when she retires in an account that earns at an effective annual rate of 9 percent.
Advise Mr. Perry on purchase he is considering. How should note payable and the equipment be valued?
Evaluate Tim's 2012 cost recovery deduction (Consider Tim did not make a section 179 election and elected out of bonus depreciation). Show your work and describe your calculations.
Multiple choice questions on cash and cash equivalents - A company that increases its liquidity by holding more cash and marketable securities
Calculate the total gain that the two companies can achieve by entering into a swap between them and explain briefly why such swap transforms a fixed rate liabilities of ABC inc. in floating rate liabilities
Make a direct materials budget showing the quantity of material A135 to be purchased for July, August, and September and for the quarter in total.
Identify and describe the deficiencies in the balance sheet prepared by the company's accountant. Include in your answer items that need additional disclosure, either on the face of the statement or in a note. Your answer to this question may be p..
Finding the changes of annual profits be increased or decreased - If the order is accepted, by how much will annual profits be increased or decreased?
Identify any costs in the the problem that are not relevant to this decision and What is the maximum profit that Missou Mining Company can expect to earn from the production of the 400,000 tons of Alpha
Preparation of Bad debt Account and their Adjustment - What's the total f account in bad debts expense and What's the amount of the adjuster
Evaluate the number of shares to be used in determining diluted earnings per share for 2013.
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