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"Accounting Issues at Enron," The CPA Journal, Dec. 2002Links to an external site.
1. Was Enron an accounting fraud or a business failure concealed by fraud?
2. Enron extensively used fair value accounting. What prevents companies from abusing fair value accounting the way Enron did?
3. Did Enron's auditor fail or was the auditing firm a victim as well?
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Clayton Inc. purchased 30% of the outstanding common stock of Austin Industries on January 1, 2014, for $180,000. Austin reported net income of $70,000 for 2014 and declared and paid cash dividends on common stock of $30,000. The amount of Clayton's ..
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Assuming copies were made during the year, 2,721,000 for sales and 2,457,750 for administration, calculate the copy department costs allocated to sales.
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