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Questions -
1. What is your assessment of Apples recent financial performance?
2. How does Apple account for Mac computers? Explain how Apple accounts for the sale of the iPhone under U.S. GAAP? Why does it do so? What is the impact on the companys financial statements?
3. Explain how Apples would account for the iPhone according to its non-GAAP disclosures? What is the impact on the companys financial statements?
4. Which method better reflects the iPhone business model? Why?
5. Should Apple lobby for their non-GAAP numbers to be sanctioned by the accounting regulators, i.e., FASB, SEC?
6. Does it matter if the revenue recognition rule for smartphones changes?
John, a calendar-year taxpayer subject to a 34 percent marginal tax rate, Compute the applicable overvaluation penalty
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The total amount of administration expense that should be allocated to the Assembly Department for the current period is:
Sven Enterprises is a large producer of gourmet pet food. Compute the material price and quantity variances
Sue Alejandro, president of Tobago Enterprises, applied for a $300,000 loan from First National Bank. The bank requested financial statements from Tobago.
What will be the effect of the price increase on the firm's FCF for the year?
lionel company has beginning work in process inventory of 220000 and total manufacturing costs of 900000. if ending
calculate the gross profit percentage and the net income percentage for the income statement of harvey company round to
During May, all direct materials are transferred from Department A, the units in process at May 1 were completed, Prepare a cost of production report for May
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