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Problem 1: Find the net income of Tesla. The net income is the total revenue minus the total expenses but Having a very hard time figuring out which accounts to add toward the revenue and which ones to add toward the total expenses in. The income statement shows
revenues
cost of revenues
Gross profit
Operating Expenses
loss from operations
loss before income taxes
net loss
net loss attributable to common stockholders
Problem 2: Which items would be considered expenses and which ones are considered revenue
nordin avionics makes aircraft instrumentation. their basic navigation radio requires 80.00 in variable costs and
Examples of service busineses that would use job order costing would inlude all of folloing: A. an accounting firm that has audit clients of various sizes and complexities. B. a "quick oil change " shop that offers only basic maintenance services.
A court found that a portion of that deficiency constituted civil fraud ($80,000). Compute the total fraud and negligence penalties incurred
The equipment costs $2 million, it has five-year life, and it will have no residual value at end of five years. Compute payback period for piece of equipment
cisco inc. reported the following in its income statement for the year ended july 26 2008 basic earnings per share of
Describe the AUDITOR ethical situation you find. Keep in mind that many/most of these cases also have an ethical component related to the client's managers
Identify at least three factors leading to the push for global financial reporting standards and explain, in detail, how global standards serve as a resolution
An unexpected cash windfall has prompted management to consider either a special dividend of $6.00 per share or a stock repurchase for cash. What is the total value of the unexpected cash windfall?
Identify the financial statement on which each of the following items would appear
The stockholders' equity section of Mabry Corporation's balance sheet consists of common stock ($8 par) $1,000,000 and retained earnings $300,000.
If set-up costs are driven by the number of production runs, what are the correct set-up costs for each product
Property is to be leased for 15 years at an annual rental payment of $40,000 payable at the beginning of each year. The capitalization rate is 10 percent. What is the capitalized value of the lease?
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