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Laws and Regulations of Accounting Write a paper (minimum of three pages, typed, double-spaced, size 12 font, 1 inch margins).Program outcome:Prepare and understand reporting procedures and requirementsUnderstand current tax law and preparation of formsList and explain the laws and regulations that the organization follows in respect to accounting standards. Be sure to discuss GAAP, payroll laws and regulations, tax laws, etc. Discuss how each of these laws impact the way that an organization does business. Are there any additional laws and regulations that should be followed? In addition, discuss law and regulatory changes that will be happening and what effect they will have an organization.
What gain or income do Sara and Jane recognize on the exchanges? What is Wren corporation's basis in the property transferred by Sara and Jane? How does wren treat the value of the services Jane renders?
Wilson Wonders' bonds have 12 years remaining to maturity. Interest is paid annually, the bonds have a $1,000 par value, and the coupon interest rate is 10%. The bonds sell at a price of $850. What is their yield to maturity?
What is your conclusion about the fairness of the recorded balance in accounts payable for pinnacle manufacturing as it affects the income statement and balance sheet?
What are the pros and cons to Toyota of issuing its financial statements according to U.S. GAAP?
Net income for the year ended December 31,2008, was $6,000. Assuming an income tax rate of 50 percent what would be the company's diluted earnings per share for the year ended December 31, 2008?
There was a favorable materials price variance of $380 and an unfavorable materials quantity variance of $120. Based on these variances, one could conclude that:
What would be the amount of interest revenue the lessor would record in conjunction with the second quarterly payment at October 1? (Round your answer to the nearest dollar amount. Omit the "tiny_mce_markerquot; sign in your response.)
What benefits do you see for the U.S. economy in tax-sparing credits? Should it be expanded or reduced? Why or why not?
What is the impact of not balancing intercompany payables/receivables on a monthly basis? What is the impact on not eliminating intercompany payables/receivables during the consolidation? Is there an instance where either of these two practices wo..
Flores Corporation recently hired a new accountant with extensive experience in accounting for partnerships. Because of the pressure of the new job, the accountant was unable to review his textbooks on the topic of corporation accounting.
Describe the difference between exchange and nonexchange transactions and discuss the rules for recognition of revenues and expenses/expenditures for each type of transaction.
The cash selling price of the equipment is $5,174,552, which is equal to the present value of the lease payments at 8%. Marshall purchased the equipment for $4,300,000.For 2011, Marshall should report interest revenue of ?
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