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FASB has identified three types of accounting changes. Instructions for Discussion Board Posting #1: In less than 200 words, identify and describe the effects of an accounting change in principle in a company traded on the NYSE or NASDAQ. Please post your company selection on the DB by 9:00 PM EST at least 48 hours prior to the due date. No credit will be available for: ? analyzing any of the following companies: Best Buy, Circuit City, Proctor & Gamble Company, Coca-Cola Company, PepsiCo., Inc.; ? selecting a company with stock that not traded on the NYSE or NASDAQ; ? submissions posted without the link to the related annual report; ? evaluating a company selected by another student; or ? a posting exceeding 200 words. Instructions for Discussion Board Posting #2: Provide a meaningful response to the post of another student. No credit will be available for postings exceeding 75 words.
Select either the balance sheet or income statement and explain how the use of it may be applied to your everyday life.
Lomax Enterprises purchased a depreciable asset for $27,500 on March 1, Year 1. The asset will be depreciated using the straight-line method over its four-year useful life. Assuming the asset's salvage value is $3,100,
Gert requires 60,000 machine hours and 20,000 direct labor hours, while Mill requires 40,000 machine hours and 30,000 direct labor hours. Using activity-based costing, machining costs assigned to each product is ??
What are the pros and cons of this tax credit? Why is this issue of any interest to the NAHB?
Distinguish between job costing and process costing. Describe the difficulties associated with each type. What can companies do in order to price products competitively and avoid some of these difficulties?
a company produces doors. the following information wasgathered to prepare budgets for the upcoming year beginning
Jewelry stores want to provide their customers with the highest quality of diamonds available at the lowest possible prices. Unfortunately, the lowest priced diamonds these days are sold by African rebels who use the profits to engage in genocide.
imagine you are a certified public accountant cpa and your client has asked for your help in mitigating or eliminating
On May 1, Battery, Inc. factored $800,000 of accounts receivable with Quick Finance on a without recourse basis. Under the arrangement, Battery was to handle disputes concerning service, and Quick Finance was to make the collections
Does management's assessment of the financial condition agree with your assessment from the Financial Statements Paper Part I? Explain. Support your answer by using two of the three following analysis tools - trend, vertical, or ratio analysis.
What are the differences between substantive tests of transactions and tests of details of balances?
a. a 1000 bond has a 7.5 percent coupon and matures after 10 years. if current interest rates are 10 percent what
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