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An accountant is confirming an AR balance as of year end. The invoice was for 2020 and was over 900k. $300k of the balance was paid during 2021 and 100k was paid during 2022: the remaining is left unpaid
Advise what the auditor should do if portion of the balance was paid in 2021 And there is an outstanding amount which has not been paid. this is medical services and they are having problems getting the entire balance paid accordingly.
Should an adjustment be made? If so what adjustment. What accounts would be adjusted based on this: example debit x account and credit y account.
Financial Statement Analysis and Preparation
Describe the ways that a person can become a shareholder of a company. Why Wal-Mart would split its stock?
An understanding of financial and accounting principles can be a valuable tool for managers. While not all managers will find themselves calculating financial ratios or preparing annual financial data.
Prepare a Statement of Cash Flow using the Direct Method and Prepare the Operations section of the Statement of Cash Flow using the Indirect Method.
This assignment has one case study and two question apart from case study. Questions related to document Liquidation question and Company financial statements question - Torquay Limited
Prepare general journal entries for Goela Ltd
Prepare the journal entry to record the acquisition of the assets.
Prepare general journal entries to record the transactions, assuming use of the periodic inventory system
Compare the view espoused by the economist Milton Friedman about the social responsibilities of business with the views express by Stigler.
Explain the IASB Conceptual Framework's perspective of users and their decisions.
T he focus of the report is to determine the extent to which you are comfortable relying on the financial statements as presented by management .
Computation of Free Cash Flow
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