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Indicate how the following items are recorded in the accounting records in the current year of Coronet Co.
(a) Impairment of goodwill.
(b) A change in depreciating plant assets from accelerated to the straight-line method.
(c) Large write-off of inventories because of obsolescence.
(d) Change from the cash basis to accrual basis of accounting.
(e) Change from LIFO to FIFO method for inventory valuation purposes.
(f) Change in the estimate of service lives for plant assets.
Prepare the unadjusted trial balance for Aqua Elite, Inc., at the end of July. Journalize and post the adjusting entries for July based on the following adjustment information:
the manager of healthy snack division of fairfax industries is evaluated on her divisions return on investment and
Research the FASB's new ASU on leasing and discuss its impact on the airline industry, a heavy user of off balance sheet leases. A good introduction to the issue is provided here.
The following selected transactions are from Ohlmeyer Company.
adirondack corporation is estimating activity costs associated with producing two different sized e-reader tablets. the
what is the cost of the truck that should be recorded at the time of purchase?
mimosa company is putting together its budget for the first half of the coming year. based on its history the company
mink manufacturing is unsure of whether to sell its product assembled or unassembled. the unit cost of the unassembled
1.a net operating loss carryback will create a deferred tax liability.truefalse2.research and development costs
universal calendar company began the year with accounts receivable and inventory balances of 130000 and 50000
What is outstanding expense - what is prepaid expense and Write notes on Provision for bad and Doubtful debts - Pass necessary adjusting entries for the adjustments:
suppose that in 2013 global launches an aggressive marketing campaign that boosts sales by 15. however their operating
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