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Ethics and professional conduct in business
Picasso Graphics is a graphics arts design consulting firm. Pablo Taylor, its treasurer and vice president of finance, has prepared a classified balance sheet as of July 31, 2014, the end of its fiscal year. This balance sheet will be submitted with Picasso Graphics' loan application to Paris Trust & Savings Bank. In the Current Assets section of the balance sheet, Pablo reported a $56,000 receivable from Becky Holt, the president of Picasso Graphics, as a trade account receivable.
Becky borrowed the money from Picasso Graphics in January 2012 for a down payment on a new home. She has orally assured Pablo that she will pay off the account receivable within the next year. Pablo reported the $56,000 in the same manner on the preceding year's balance sheet. Evaluate whether it is acceptable for Pablo to prepare the July 31, 2014, balance sheet in the manner indicated above.
Perform the ACL test and prepare a report with your conclusions
Elements of critical thinking described on the inside front cover, comment - depreciation is calculated using straight-line; useful life 20 years; residual value $250,000
How could the selling price of the bonds be determined
r. b. patrick company manufactures a high-tech component that passes through two production processing departments
Prepare a 1-2 page paper describing the seven-step approach to job costing and how you would use each step to detail the job costing approach.
Evaluate journal entry for the first installment payment on December 31, 2013.
A 6-year security with no maturity, default, or liquidity risk has a yield of 20.84%. If the real risk-free rate is 6%, what average rate of inflation is expected in this country over the next 6 years?
A decision was made to refund the remaining unearned ticket revenue to its ticket holders, and this was done on July 20. Show the appropriate journal entries to be made on April 15, June 30, and July 20. Rialto has a June 30th yearend.
The partners expect the business to perform as follows: year 1, $18,000 net loss; year 2, $45,000 net income; and year 3, $75,000 net income.
Prepare a report that would be useful in assessing how well costs were controlled in this department.
All sales were on account. Net cash provided by operating activities for 2014 was $241,920. Capital expenditures were $136,400, and cash dividends were $60,580.
questionyou are a professional accountant who has been employed to provide advice to a small start up biotech company
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