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How should declared but unpaid dividends be recorded? The problem states that the company has a yearend date of Dec 31st. and that there are 15000 of declared dividends. Should this affect my common stock or retained earnings?
The company has the option of making and buying at the same time. What would be your answer to No.3 if this alternative were considered? Show calculations to support your answer. Should the Watson Corporation make or buy the bindings? Show calcul..
What are the auditor’s responsibilities for inventory maintained in public warehouses or with other outside custodians? Illustrate what risks do auditors face with these different locations where inventory is stored?
Multiple choice questions on intangible assets, net income and ratios - classification errors by an accountant and would have an effect on net income of the current year?
The lease is considered to be an operating lease. Prepare the general journal entry to record the first lease payment on December 31, 2009.
Hess uses straight-line amortization. On March 1, 2011, Hess retired $400,000 of these bonds at 98 plus accrued interest. What should Hess record as a gain on retirement of these bonds? Ingore taxes.
Cleveland Co. did not have to also give him the car, and did it just out of admiration for Barnie doing such a great job. Is this income to Barnie as compensation, or a nontaxable gift?
some will argue that KMPG inappropriately subordinated its judgements to Xerox preferences. How could accounting firms ensure that auditors do not subordinate their judgements to client prefernces on other audit engagements?
evaluate the amount of sales revenue dorough will report on the first 2012 quarterly pro forma income statement and create a cash receipts schedule for the first quarter of 2012
Prepare Northern Bell's consolidated financial statements for December 31, 20X9, assuming that Golden Bell's functional currency is a) the Canadian dollar, and b) the foreign currency unit.
Cost allocations have to make sense. What drives consumption of costs? What are drivers and how do they help in the allocation process?
Describe how the Accounting Equation is impacted
A company purchases a piece of land for $100,000 on January 1, 2011 and chooses to report the land using the revaluation method allowed under IFRS. Prepare all adjusting journal entries required through 2015.
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