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Question - Entity A, a government entity, grants a 10,000 cash advance for the travelling expenses of an employee. The employee liquidates 8,000 of the cash advance and remits the excess cash advance of 2,000. After recording the grant of cash advance and the liquidation thereof but before adjustment for the collection of the excess cash advance, how much is the recorded expense in the books of accounts?
You can purchase this project for $608k. If your firm's cost of capital (aka required rate of return) is 12.5%, what is the NPV of this project?
What is the APR on this loan? What is the EAR?
Question - A payment of $1500 is due in three months. Find the equivalent value at nine months if the interest rate is 4% compounded quarterly
Messer Company had retained earnings at teh beginning of the current year of $590,000. Prepare a statement of retained earnings for the year
Explain what is meant by the terms 'finance lease' and 'operating lease' and how operating leases should be accounted for in the financial statements of lessee companies.
The loan was for $20,000.00 which he agreed to pay back in monthly installments of $1,000.00, Calculate the taxable benefit for the month
Why would you customize a COA to a specific business? How would the COA differ for a service business versus a retail business that sells products?
Restaurant roughly one billion dollars in sales annually. Rent is an important fixed cost in the restaurant business. Is Chick-fil-A's policy an act of CSR?
What are the financial reports required of all not-for -profits? What additional report is required for voluntary health and welfare organization?
Opening work in process inventory can be calculated under which of the method? FIFO and Average costing./LIFO and Average costing
Completed services that were paid for six months earlier, $4,670. The Service Revenue unadjusted balance as of December 31 is $10,200.
Delmar Corporation is considering the use of residual income as a measure of the performance of its divisions. What major disadvantage of this method should the company consider before deciding to institute it?
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