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Kerry Corp purchased a used bottling machine from Bob's Bottling Inc. on Jan 1, 2012 for $2100000. Bob accounted for the sale correctly under the installment sales method. It had a book value of $1575000. Kerry paid with $300000 cash and a note for $1800000 with an annual interest of 10%. Kerry agreed to make equal annual payments of $600000. Kerry Corp made their first payment on Jan 1, 2013 of $780000 which included interest of $180000 to date of payment.
Assume that you are part of the audit team and assess a client's audit risk as high. Suggest what procedure the audit team should implement to reduce the risk to the firm.
worked on this homework almost done but cant figure out these qs on october 15 the school agreed to teach a four-month
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When convertible debt is retired by the issuer, any material difference between the cash acquisition price and the carrying amount of the debt should be ??
you were hired to perform an attest engagement for an electronic supply company sparks electronics. sparks is trying to
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prepare journal entries to record the following transactions entered into by flip company
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What is the impairment loss for Collier Company under a) IFRS and b) US GAAP?
on july 1 of the current year mr. a a cash-method taxpayer sold a painting for which he received 50000 in cash and a
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