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Your posts are very good and state that management should focus on the success of the business rather than managing income to their benefit. This gets into ethics, where if you keep doing the right thing you will reap the benefits with bonus's and promotions. If you do the wrong thing for your own benefit, it will eventually catch up with you and you will pay the consequences. Management should present financial statements that are transparent to the normal user without attaching too much information so the end user gets overwhelmed. Class, does a high income mean high quality of earnings? What about if a company reports a loss, does that mean that they don't have a high quality of earnings?
Recognize the industries of your six selected securities. (including BONDS)
What is XBRL? How will it effect financial reporting? Please Explain. What are the main types of accounting software used in a restaurant setting or organization? What are the benefits and limitations of this software? Please Explain.
Examine the corporate financial decision-making procedure at your selected organization (Walt Disney). In your analysis be sure to address the following items:
Alex owns an office building which the state condemns on January 15, 2010. Alex receives the condemnation award on April 1, 2010. In order to qualify for nonrecognition of gain on this involuntary conversion,
The income from the business before the cost recovery deduction and the 179 deduction was 810k. She takes additional first year depreciation. Determine the cost recovery deduction with respect to the asset for 2013.
For each of the following items, indicate whether it would be classified and reported under the operating activities (OA), investing activities (IA), or financing activities (FA) section of a statement of cash flows:
During the current year, Hugo sells equipment for $150,000, which it placed in service in 2009. The equipment cost $175,000, and $55,000 of depreciation deductions was allowed. The results of the sale are
What are intangible assets? Can you provide a few examples? Why are these important, and how are they recorded?
Please explain, identify, and justify effective funding strategies in the following areas:
Compare and contrast the characteristics features of the securities of money market with those of the capital market.
At the end of the period it is necessary to close all temporary accounts. (1) Explain why this process is required and (2) provide an example of the closing of an expense account, Rent Expense in the form of a journal entry.
Why is essential that the planning functions of controllership can help an organization effectively and efficiently achieve a goal?
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