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1. If the going concern assumption is not made in accounting, what difference does it make in the amounts shown in the financial statements for the following items?
(a) Land.(b) Unamortized bond premium.(c) Depreciation expense on equipment.(d) Merchandise inventory.(e) Prepaid insurance.
O. Guillen (beginning capital, $69,000) and K.Williams (beginning capital ($82,000) are partners. During 2008, the partnership earned net income of $71,400, and Guillen made drawings of $18,700 while Williams made drawings of $32,200.
Consider a course that you recently completed. Perform a review of the course (the course represents a project and the course syllabus represents the project plan).
you have been asked to help a local company evaluate a major capital expenditure. the company is a new internet company
Compute Olga's depreciation expense for 2008-2010 assuming the mid-quarter convention applies to all three-year property placed in service during 2008.
1. when a share of stock is first sold the amount received by the company may be different from the amount printed on
1. a construction company entered into a fixed-price contract to build an office building for 44 million. construction
Use the gross profit method to estimate the cost of the ending inventory for November - Estimating ending inventory by the gross profit method
meesha barten is treasurer and owns 2.1 of itheenk eimhott corporation iec an s-corporation that banks at bank of
You suspect that your immediate supervisor is involved in a significant fraud involving divertingof company assets to personal use. Briefly describe the steps you might take to resolve this dilemma.
For the following activities within the conversion process, place them in sequence that indicates the order in which they would normally be performed
determination of account balances-percent of receivables allowance method of accounting for uncollectible
diversified products inc. has recently acquired a small publishing company that diversified products intends to operate
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