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Topic 1: Contingencies
When examining financial statements, a note that describes contingencies should be reviewed closely for possible significant liabilities that are not disclosed on the face of the balance sheet. Do you agree or disagree? Why?
Topic 2: Operating Income
How does operating income differ from net income? How do operating assets differ from total assets? What is the advantage in removing non-operating items from the DuPont analysis?
What are Petsmarts overall goals and objectives, and do earnings and growth projection bear this?
Evaluate each projects net present value, internal rate of return and payback period
Mark is looking at the predict of expected economic growth. He plans to invest 120,000 dollar in an investment whose return would depend on the economic conditions.
Bond issue and Bond retirement Journal entries, Bond amortization Schedule using effective interest method - Purpose the journal entry to record the issuance of the bonds and the related bond issue costs incurred on January 1, 2005.
On August 31, Jenks Corporation partially refunded $180,000 of its outstanding 10 percent, note payable, made one year ago to Arma State Bank by paying dollar 180,000 plus dollar 18,000 interest.
What amount of gain has Patriot received from this transaction and is this a capital or ordinary gain and how much tax must Patriot pay on this transaction
Determine which type of adjusting entry is required in every situation, at December 31, 2008.
Discuss and explain the difference between assurance services, attestation services and auditing services?
Suppose there is no firm specific risk and the risk premiums are 5.3%, 3.9%, and 4.2% ; use the data below to find:
Patton Corporation owns 2,500 of the 10,000 outstanding shares of Forman Company. During 2013, Forman Company earns $1,500,000 and pays cash dividends of $120,000.
I am facing difficulties finding some data to start up my own resturant, my competitor is Vapanio Restaurant and I am starting up a similar business in VA. Find costs to start up a restaurant.
Expected dividend and market value of the two firms -What is each firm's expected dividend at the end of the next year and Which firm has the higher market value?
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