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The subject of revenue recognition is one that has been in the news for numerous companies in the past year. Locate an article on the subject of revenue recognition concerning a company (hint: when companies "restate their earnings", they are often corrected a revenue recognition error) and post a brief summary of the article to the forum. Include your analysis of how the revenue recognition concepts we have studied are in conflict with how the company originally reported their revenue and why you believe the restatement is required.
the following information was gathered from the books of aampa products in order to prepare its bank
liquid extracts company produces a line of fruit extracts for home use in making wine jams and jellies pies and meat
Examine the work sheet and the general ledger accounts. Make a list of the errors you find. Prepare a corrected work sheet. Correct any errors you find in the general ledger accounts.
shellys assets include money in the checking and savings accounts investments in stocks and mutual funds personal
prepare a horizontal analysis of the comparative income statement of cpa tech inc. each amount listed must be in your
hi-tech inc. has several outdated computers that cost a total of 8900 and could be sold as scrap for 2300. they could
Calculate the return on investment (ROI) and residual income (RI) for the two divisions and comment on your results.Which method (return on investment or residual income) would be more useful in comparing the two divisions' performance? Why?List thre..
a contribution format income statement for the most recent year for big bear consumer electronics inc. is shown
a company uses a process cost accounting system. its sewing departments beginning inventory consisted of 50000 units.
cost concept on june 10 easy repair service extended an offer of 95000 for land that had been priced for sale at
list and discuss one item that might cause a companys basic earning per share to become diluted. please describe the
taos company purchased merchandise for resale from tuscon company with an invoice price of 19300 and credit terms of
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