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Discussion
Using the FASB Codification as your source, how are gain and loss contingencies recorded? Do you agree with this treatment or would you suggest some other way to record these transactions?
Determine the inventory as of December 31, 2011, by the lower-of-cost-or-market method, applying this method directly to each item.
treadway corporation acquires hooker inc. on january 1 2010.the parent pays more for it than the fair value of the
Bonds that will mature in 5 years are purchased. The company would like to hold them until they mature, but money has been tight recently and they may need to be sold.
Firm L ia a leveraged firm with 50% of debt and 50% of common equity. the pre-tax cost of debt for firm L is 10%. Both firms have 40% corporate tax rate. Calculate the return on equity(ROE) for firm U.
ash creek company is preparing its master budget for 2012. relevant data pertaining to its sales production and direct
the management of volare company expects that every 9 increase in the selling price of one of the companys products
What steps does an auditor ordinarily take when confirming cash balances held on deposits with financial institutions? What additional steps should the auditor shave taken when they received the smudged fax copy printed on Bank of America letterhead..
Valstar has received a request for a special order of 5,000 five gallon buckets of paint for $125,000 from A1 Construction. A1 Construction is the largest construction company in the metropolitan area and surrounding region.
What loss, if any, should Sound Audio report in its 2011 income statement? What liability, if any, should Sound Audio report in its 2011 balance sheet?
management is attempting to maintain an overhead rate of 175 for an assembled product. the problem area is the
During the year, he spends $300 on qualified medical expenses and the HSA earns $18. What is the effect of Hamid's participation in the HSA on his adjusted gross income?
you and a friend are in the same accounting class. during the first test you observe that your friend cheated by
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