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1. Do you agree or disagree with Collison and why?
2. If ‘profit' maximization is biased towards maximising the interest of only one stakeholders group, would you expect that over time there will be less emphasis on profits and more emphasis on other performance indicators?
3. What might be some of the alternatives measures of performance?
4. Would Collison's comments provide a justification for moves towards profit measures that incorporate ‘full costs' (consider the externalities of business)?
According to the Albrecht text, tips and complaints are not evidence of fraud. Instead, the claim is made that they are symptoms of fraud. Why is this so? Why might it not be true? What is your opinion?
a describe the concepts of functional and presentational currencies in the context of accounting for overseas
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As a result of the exercise of the 24,000 rights and the issuance of the related common stock, illustrate what journal entry would Chen make?
Explain why is direct labor a poor base for allocating overhead in many companies? In what situation would it be a strong and better way to allocate overhead? What bases do you feel are the most commonly used by most large companies? Explain.
Determine the reason for the underapplied or overapplied overhead - Compute the standard direct labor-hours allowed for the year's production.
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Allocate joint costs using the relative sales values at the split-off point and calculate the profit per 100 pound box of sugar-coated peels and the profit per pint of juice.
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