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Problem: Generate a list of red flags likely to be present on fraudulent vendor invoices. Using the beginning letter of each of the six suspicious vendor names (in alphabetical order) as the password, open the "Vendor Invoices" File. Examine the invoices looking for suspicious characteristics. Look for items on the invoice that compensate for suspicious items identified in the query of the vendor database. For example, if a certain vendor was flagged for not having a phone number in the database but the invoice has a phone number, then that lowers the level of suspicion with respect to that vendor. After carefully examining all of the invoices, select the vendor with the most suspicious characteristics. Explain and defend your answer in Memo format.
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On January 1, 2020, Rockwood Corporation had 210,000 common shares outstanding. Determine the weighted average number of shares
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Alpha Company provided the following data concerning its income statement: sales, $1,000,000; purchases, $400,000; beginning inventory, $250,000; ending inventory, $275,000; operating expenses, $95,000; freight-in, $5,000; sales returns & allowances,..
Indicate the amount (if any) that Josh can deduct as ordinary and necessary business deductions in each of the following situations.
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Razar Sharp Company purchased equipment on July 1, 2014, for $33,750. The equipment was expected to have a useful life of three years, or 5,940 operating hours, and a residual value of $1,080. Determine the amount of depreciation expense for the year..
Can you provide some advice to your friend on how he could improve his cash flow strategies, such as managing debt levels and terms of payment?
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