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It is 3:00PM, the end of the day shift on a busy Saturday at "The Korean BBQ House". The day manager, Sook, is performing the cash register reconciliation at the bar. Kim, the new night manager, comes in to get ready for the evening shift. She offers to help Sook by counting the drawer receipts but suggests they relocate to the business office in the back area. On the way through the back of the house, Sook stops at the loading dock to talk to a chef who is leaving for the day. Kim takes the cash drawer from Sook and unlocks the office. She begins counting the contents of the drawer. When Sook enters and offers to help, Kim hands her a stack of bills and says, "Here - - tell me if you get $620.00 for this pile." 1. List the security breaches that put the cash at risk of being mishandled? 2. What are some things that either Sook or Kim did properly? 3. What procedure should Sook and Kim follow at this point?
Explain the meaning of the increase or decrease in the LIFO reserve during the 2010. What does this tell you about inventory costs for the company? Are they rising or falling? Explain.
in legal form a partnership ends when a partner leaves the partnership or a new aprtner joins the partnership. though
Trey Monson starts a merchandising business
Can financial statement users of not-for-profit hospitals' financial statements expect to be fully informed regarding affiliated parties, such as the linkages between St. Jude Children's Research Hospital, ALSAC, and the foundation cited? Explain.
gaucho company which is located in buenos aires argentina manufactures a component used in farm machinery. the
intermediate accounting ii capitalization of interest ch.10 early in 2012 dobbs corporation engaged kiner inc. to
You will be asked to address a accounting failure from AMERICAN INSURANCE GROUP. Overview of the situation/accounting issue
The Austin Land Company sold land for $85,000 in cash. The land was originally purchased for $65,000, and at the time of the sale, $40,000 was still owed to Regions Bank on that purchase. After the sale, The Austin Land Company paid off the loan t..
peaceful corporation manufactures figurines based on the following information.standard costs20materials 4 ounces at
risko corporation incorporated on january 1st 2011. brand new company in need for cash decided to issue callable bonds.
What predetermined overhead rates would be used in Dept A and Dept B, respectively?
zack is a farmer who buys his feed and fertilizer from a farmer cooperative. in 2012 zack purchased 300000 in feed and
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