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Internal Control Procedures are required to safeguard company assets and to ensure ethical operation of the business. (1) Explain how smart hiring practices can satisfy the purpose of internal control (10 points) and (2) provide an example of how this control could be implemented
research a company that has been in the news for unethical practices such as enron tyco global crossing or
Product X can be sold for $5 and Product Y for $4. Joint costs for the two products totaled $4,000 for January for 600 units of X and 500 units of Y. What are the respective joint costs assigned each unit of products X and Y if the sales value at ..
martin software has 9.2 percent coupon bonds on the market with 18 years to maturity. the bonds make semiannual
a on january 1 2012 fishbone corporation sold a building that cost 271800 and that had accumulated depreciation of
on february 1 2011 wolf inc. issued 10 bonds dated february 1 2011 with a face amount of 200000. the bonds sold for
Give the entry for the issuance assuming the par value of the common was $5 and the market value $30, and the par value of the preferred was $40 and the market value $50. (Each valuation is on a per share basis and there are ready markets for each..
cara has received a special order from a foreign company for 5000 units. there is sufficient capacity to fill the order
boston galleries uses the specific identification method for inventory valuation. inventory information for several oil
the statement of retained earnings a.reports how retained earnings changes at a point in time b. reports how retained
a the following schedule shows cash and credit sales. 40 of credit sales are collected in the current month after a 2
selected accounts included in the property plant and equipment section of lobo corporationu2019s balance sheet at
Assume that Corporation X has 20,000 shares of $10 par value cumulative 6% preferred stock and 5,000 shares of common stock outstanding. No dividends were paid in 2009 and 2010. In 2011, the board of directors declares dividends of $50,000. What i..
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