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It sometimes seems like there is always an accounting scandal on the news. There have been plenty of investigations into the different businesses that had the accounting scandals. When the investigations are finished, the findings almost always show that an accounting gimmick was used to manipulate the financial statements. Research the Sarbanes-Oxley Act and prepare a presentation that pertains to intentional misrepresentation of financial statements, and describe the maximum penalty that the chief executive officer (CEO) and the chief financial officer (CFO) could face.
Why are asset and liability definitions important to the theoretical structure of accounting? Why are definitions important to policy setting bodies?
abraham inc. a new jersey corporation operates 57 bakeries throughout the northeastern section of the united states. in
during the preparation of the bank reconciliation for new concepts co. peter fikes the assistant controller discovered
barry company purchased two identical inventory items. the item purchased first cost 7.00 and the item purchased second
Auditing general cash for the Pittsburgh Supply Company for the fiscal year ended July 31, 2009. The client has not prepared the July 31 bank reconciliation. After a brief discussion with the owner,
if a company needs 50000 5 years from now how much would need to be deposited today using a required rate of return of
sanchez corporation is considering three long-term capital investment proposals. relevant data on each project are as
sigma corporation applies overhead cost to jobs on the basis of direct labor cost. job v which was started and
Elston Company is authorized to issue 1,000,000 shares of $1 par value common stock. During 2002, its 1st year of operation the corporation has the following stock transactions:
A company had gross profit of $134,200 on net sales of $205,000. If ending inventory was $8,000 and average inventory was $7,080, what is the company's inventory turnover.
Nichol Industries acquired common stock of Crest View Inc
Larsen Company makes and sells a single product, widgets. Three pounds of clay are needed to make one widget-How much clay should be purchased in September?
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