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Forum consists of two separate questions. You will answer one of the two questions. The chosen question needs to be answered with an initial post of at least 250 words.
(1st question) What are the differences between cash and accrual basis accounting? Provide an example of each type. Briefly explain why a company might need to adjust entries in the general ledger.
(2nd question) Evaluate how the appearance of solvency for a business changes when using cash vs. accrual accounting, noting which stakeholders might be affected and how.
Instructions: Your initial response should be no less than 250 words. In-text citations and references may be in APA format required.
Describe the role Generally Accepted Accounting Principles and the Financial Accounting Standards Boardplays in financial reporting in the United States.
on May 5, 1980 the Marr company issued a 5 year stock option to the chief financial officer the option entitled the employee to buy 1,000 shares of stock for $4 per share when the stock was selling fro $4 per share. under APB opinion No. 25 what i..
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Compute the relevant cost of making and puchasing the component. Which alternative is less costly and by how much? What qualitative factors might influence the decision about whether to make or to buy the component?
Compute the amount at which the printing press should be recorded as an asset. Compute the depreciation expense for 2011 and 2012
What is the amount of income from the partnership that Diamond Co. must report for its tax year ending June 30, 2010? What is the amount of income from the partnership that Bill must report for her tax year ending December 31, 2010?
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American Insulation exercised its call privilege and retired the bonds for $790,000. The corporation uses the straight-line method both to determine interest and to amortize debt issue costs.American Insulation exercised its call privilege and retire..
Prepare a budgeted income statement for the month ended December for Adams Company. Explain why an understanding of human motivation is essential to MACS design
an owner of 1000 shares of simmons company common stock receives a stock dividend of 6 shares. a. what is the effect of
Wasp Corporation has a loan agreement that provides it with cash today, What is the amount of cash that Wasp receives today
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