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1. Identify two financial intermediaries. What are their respective functions? What are their major roles in the economy?
2. What are the money markets and what are the capital markets? How do they differ? What are their respective activities?
3. If an asset is called a derivative, what does that mean? Explain your answer and use examples.
Cite sources please
Prepaid rent at 1/1/10 was $20,000. During 2010 rent payments of $123,000 were made and charged to "rent expense." The 2010 income statement shows as a general expense the item "rent expense" in the amount of $122,000.
Beka Company owns equipment that cost $50,000 when purchased on January 1, 2005. Prepare Beka Company's journal entries to record the sale of the equipment in these four independent situations.
Top management has decided the transfers between the two divisions should be at $19. Compute the effect of the transfer on the net income for the Battery Division, Automotive Division, and the total company
John Smith started a consulting business and completed the following transactions. Prepare all journal entries related to these transactions.
The income from the business before the cost recovery deduction and the 179 deduction was 810k. She takes additional first year depreciation. Determine the cost recovery deduction with respect to the asset for 2013.
Why is measurement in the context of accounting so important
Describe in detail an ethical dilemma in business that you or a coworker experienced and how it was resolved.
Compare the accounting systems in 2 countries with differing legal systems. Explain why each country's system is the way it is.
Assume you're bearish on Stock Y and decide to sell short 100 shares at the current market price of $30 per share. You earn no interest on the funds in your margin account and the cost of borrowing shares is 0.25%.
What is the difference between cash and accrual accounting? Which basis of accounting do most companies use, cash or accrual? Why? Which method is approved by GAAP? Why?
Why is it important to properly value a business's assets and how does asset valuation impact the financial statements of an organization?
Discovery Barn, a not-for-profit science center for children, received a contribution for $30,000 explicitly designated for the acquistion of computers. Prepare all required journal entries, being certain to indicate the type of fund in which each ..
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