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Question - Management have excluded from the financial report the necessary disclosures in relation to a contingent liability. If this becomes an actual liability it will have a material effect on the financial report. The item is not expected to any other material effects on the financial statements. Explain the type of audit opinion that should be expressed.
A company's 5-year bonds are yielding 7.4% per year. Treasury bonds with the same maturity are yielding 5.2% per year, and the real risk-free rate (r*) is 2.5%.
Denson Company has been sued by Merck Company for breach of contracts. What journal entry, if any, would need to be recorded at year-end
1. on march 1 2011 navy corporation used excess cash to purchase u.s. treasury bonds for 103000 plus accrued interest.
Classify the following transaction as operating activities, investing activities, financing activities, or financing/investing not affecting cash.
Royal Lawncare Company produces and sells two packaged products, Weedban and Greengrow. Prepare contribution format income statement segmented by product lines
Burt's adjusted basis for his interest in the Cobra Partnership was $6,000 at the time he made a contribution of land. What is Burt tax basis in his partnership
Compute basic earnings per share and diluted earnings per share
The Age of the Librarian When Kristen Harris 1. is in college, sheworked in her university's library and wasconstantly told, "You really should be studyingto be a librarian;
She filed a joint return with her husband showing modified AGI of $128,000. What amount of student loan interest can Cindy and her husband deduct in 2014
Mel's Meals 2 Go purchases cookies that it includes in the 10,000 box lunches, Prepare a schedule to show the differential costs
stewart company acquired meyer manufacturing on january 1 2013 for 6800000 and recorded goodwill of 1800000 as a result
crigui music produces 60000 cds on which to record music. the cds have the following costs direct materials 11000
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