Reference no: EM132745666
Question 1: If a company were to remove purchased goodwill from balance sheet....would it impact assets, liability, or equity? If so, how does it impact it and why. (example: decrease, increase, or NE).
Question 2: If a company were to add pension plan assets to the balance sheet, would it impact assets, liability, or equity? If so, how does it impact it and and why. (example: decrease, increase, or NE).
Question 3: Recognizing Off-Balance Sheet transactions. Example, a company is contingently liable for guarantees of indebtedness owed by some of its licenses and others, totaling approximately $133 million. How would this affect a company's assets, liability, or equity?
Question 4: If a company were to add back LIFO RESERVE TO INVENTORY......how would it affect assets (asset turnover), liability (debt ratio), equity ratios?
Question 5: How would the recognition of market value have an effect on assets, liability, or equity?
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Describe required journal entries for gelly sales
: On December 1, 2018, Gelly Sales sold machinery to Kath Ltd. for $2,000. Kath could not pay at the time of sale, but agreed to pay 9 months later, and signed.
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What is the net present value of the project
: General Motors has a weighted average cost of capital of 11%. If the investment is $150 million, what is the net present value (NPV) of the project
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What is the journal entry to record the buy back
: On 12/1/19 ABC buys back 10,000 shares of its $3 par value stock for $30 per share. What is the journal entry to record the buy back?
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Calculate the diane gross estate
: Assume all assets increase in value by 5% per year (Diane lives off the excess after Jack passes). Calculate the Diane gross estate
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How would given affect a company assets or equity
: Recognizing Off-Balance Sheet transactions. Example, a company is contingently liable for guarantees of indebtedness owed by some of its licenses and others.
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Do you see any problem with the wait and record approach
: Zach Allen is the accountant for a large retail company. It is now the end of the accounting period and time to prepare financial statements.
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Security would be most appropriate for your organization
: Determine which security would be most appropriate for your organization.
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Calculate the margin of safety
: The fixed costs are $900,000. The business expects sales revenue of $4,000,000. Calculate the margin of safety (in percent)
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Assessment metrics in achieving operational project plan
: Differentiate the key assessment metrics in achieving an operational project plan.
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