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Situation:
Company A buy customer list from company B,. The auditors of the buyer said that the price paid for the customers list is an expense in the profit or loss.
Problem 1: How to Advise on the accounting treatment for the purchase of customers' list, according to the relevant accounting standard.
A flexible budget performance report compares the differences between:
Business combinations historically have been accounted for as either a purchase or a pooling of interests. Now, with SFAS 141(R), the acquisition method is required. Explain why did FASB change the rules? Did VIEs have a role in that decision?
What are the major components of equities? For a young firm, what are the largest items it may have in the equity section? How about for an established firm?
Assume that actual sales in 2011 were 20% higher than projected.- Calculate the net income earned by Betty DeRose, Inc. for 2011.
What is the present value of all future earnings if the interest rate is 9%?? ?(Assume all cash flows occur at the end of the? year.).
give an overview of the accounting for retirement compensation benefits given by employers. in your discussion contrast
calculation of no. of days in conversion cycle.primrose corp has 15 million of sales 2 million of inventories 3
Camilo’s property, with an adjusted basis of $361,600, is condemned by the state. Camilo receives property with a fair market value of $415,840 as compensation for the property taken. Camilo’s realized gain is $_____ and his recognized gain is $0 . T..
Discuss the four basis business activities that are performed in the revenue cycle business activities. What are some of the disadvantages to the Clubcard program? Give some examples of strategic and operational decisions that need to be made in the ..
The Western Division of Claremont Company had net operating income of $154,000 and average invested assets of $563,000. Claremont has a required rate of return of 14.75 percent. Compute Western Division’s return on investment and residual income curr..
Pure Water Products produces two types of water filters. One attaches to the faucet and cleans all water that passes through the faucet. The other is a pitcher-filter that only purifies water meant for drinking. Calculate the margin of safety reporte..
What information were you able to glean about the financial situation of this company from the financials and how does this accounting information impact business decisions?
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