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Question: Please write at least 1 page per question.
1) Do you think that requirements such as XBRL (like SOX, IFRS, etc.) are going to make the small, public company a thing of the past?
2) Do you think that all users of financial statements, and companies themselves, would benefit if everyone was required to submit financials using XBRL to some gov't database (perhaps the IRS)? That would include private and non-profit organizations.
What amount could the firm deposit in an account paying 6.42% to have enough to pay for the machines?
LOL company purchased merchandise with an invoice price. Assuming a 360 day year , what is the implied annual interest rate inherent in the credit terms?
Sandblasting equipment acquired at a cost of $85,000 has an estimated residual value of $5,000 and an estimated useful life of 10 years.
Make all journal entries necessary on Candra Christensen's books in 2011, 2012, and 2013 to record the forward contract and the purchase of the lobster. For purposes of estimating future settlement payments under the forward contract, assume that ..
You are working with a company selling building material to builders. You predict the quarterly purchases of customers based on their current purchases by using a linear regression model.
What is the Securities and Exchange Commission? How does it affect financial decision-making? What constraints might it put on the company?
a company manufactures snowsuits. this company is considering purchasing a new sewing machine at a cost of 2.5 million.
Teller has 2,600 pounds of clay mix in beginning inventory and wants to have 3,000 pounds in ending inventory. What is the total amount to be budgeted
A customer is currently suing a company. A reasonable estimate can be made of the costs that would result from a ruling unfavorable to the company, and the amount involved is material. The company's managers, lawyers, and auditors agree that th..
Avis's taxable income for the year is $300,000 and Best's taxable income for the year is $425,000. For each of the scenarios provided, (a) state if a control group has been created and, if so, define the controlled and (b) compute the combined tax..
If Berradi purchases the new machine, it will use it for 10 years and then trade it in on another machine. The company computes depreciation on a straight-line.
X-Beams Inc. owned 70% of the voting common stock of Kent Corp. What was the noncontrolling interest in Kent net income
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