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Question 1: Improvements were made to the leased warehouse on 1.July.2010 at a cost of $ 18,000. The estimated life of the improvement is ten years. Lease contract terminates on 31.December.2017. Make necessary entries as of 31.12.2010 and 31.12.2011.
Using any information you can obtain about this company and industry, write a report explaining this abnormal trend between the net income and the cash flow numbers and whether this should be a red flag to investors and creditors.
The NZ dollar to US dollar exchange rate is 1.36 NZD/USD, and the British Pound to US dollar exchange rate is 0.62 GBP/USD. If you find that the British Pound to New Zealand dollar exchange rate is 0.49 GBP/NZD, what would you do to earn a riskless p..
define the receiables and what is the net income. is there a way to get a reference to go by to know how to answer the
Perform vertical and/or horizontal analysis of the statements and identify two things that appear to be unusual and could be possible symptoms of fraud.
What is the revenue for March given that Hbib uses accrual accounting? What is the revenue for March given that Hbib uses cash accounting?
1. discuss the revenue principle and the matching principle as per the generally accepted accounting principles gaap.
out of eden inc. is forecasting to invest in new manufacturing equipment to prepare a new garden tool. the new garden
In Little Rock, Arkansas, a church pastor was found guilty of payroll tax fraud by withholding employee payroll taxes and failing to remit them from 2006 through 2010. The pastor is serving a sentence of 33 months in prison with 5 years of supervised..
Cartwright, Inc. has $1,000,000 of 10% bonds outstanding on December 31, 20X8. On January 1, 20X9, Adam Corp., an 80%-owned subsidiary of Cartwright, Inc., purchases a $250,000 part of Cartwright, Inc.'s outstanding bonds in the market for $245,00..
Burke Corporation was organized on January 1, 2014. It is authorized to issue 12,700 shares of 8%, $103 par value preferred stock, and 521,400 shares of no-par common stock with a stated value of $3 per share. Journalize the transactions. Post to t..
ohnson had purchased the stock in 2017 for $2,900. How would Johnson record the sale of the stock on its 2019 Statement of Cash Flows?
Hays Corporation arranged a $3,000 line of credit with the Barnett Bank. It agreed to accept the bank's offer of 1% above the prime rate with interest payments on December 31 of each year.
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