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Beverly Crusher is a licensed CPA. During the first month of operations of her business (a sole proprietorship), the following events and transactions occurred.April 2 Invested $32,000 cash and equipment valued at $14,000 in the business.April 2 Hired a secretary-receptionist at a salary of $290/week payable monthly.April 3 Purchased supplies on account $700 (debit an asset account).April 7 Paid office rent of $600 for the month.April 11 Completed a tax assignment and billed client $1,100 for services rendered. April 12 Received $3,200 advance on a management consulting engagement.April 17 Received cash of $2,300 for services completed for Ferengi Co.April 21 Paid insurance expense $110.April 30 Paid Secretary-Receptionist $1,160 for the month.April 30 A count of supplies indicated that $120 of supplies had been used.April 30 Purchased a new computer for $6,100 with personal funds. (the computer will be used exclusively for business purposes.Journalize the transactions in the general journal.
You are the financial manager of a mining company; you are looking at an investment that requires 10 years to start paying back. This is in a third world country, what factors would you consider and why?
Advantages and disadvantages of each. Which do you believe would be the most beneficial to DSV and Eastrex?
Prepare journal entries to record these liquidation transactions and prepare journal entries to record the preceding transactions on the assumption that the bonus (or no revaluation) method is used.
Advise Polaris Ltd whether it is required to produce consolidated financial statements (CFS). Consider the levels of control and the members' rights in your answer.
Convergence of international financial reporting standards
Cisco doing work that he was capable of performing. The idea was to try him out at various positions to see what worked for John and worked for Cisco. Obviously his pay would be reduced, but Cisco management was willing to commit to paying him a s..
Statement of comprehensive income for the year ended 31 December 2012 and statement of financial position as at 31 December 201
Compare the accounting treatment of dividends appropriated from pre-control and post control equities of a subsidiary. Consider the accounting by the companies paying and receiving the dividend, as well as by the corporate group.
The general manager suggested capitalizing more of the company's product development costs and amortizing additional capitalized amounts over five years, using the straight line method.
Select a public university system and review the financial statements and audit report for the system. Write a three to four (3-4) page paper in which you: 1.Identify and analyze the employee pension plan disclosures in the financial statements.
Compare growth of revenues versus income over time and between the two companies and how can you explain the difference in profitability between the two companies?
The case for global accounting standards by Professor Ann Tarca (UWA) and analyse what the key points are of the report. Then prepare a report either supporting or challenging the position of the author.
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