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Question: What are the two basic methods of accounting for long-term construction contracts? Indicate the circumstances that determine when one or the other of these methods should be used.
As of the beginning of 2010, the enacted tax rate is 34% for 2010 and 2011, and 38% for 2012-2015. At the beginning of 2010, the company had no deferred income taxes on its balance sheet.
When the local currency of the foreign subsidiary is the functional currency, a foreign subsidiary's inventory carried at cost would be converted to U.S. dollars by:
lee martin inherited 20000 from his great uncle. he would like to invest this money into his retirement account which
Botch Corp. sold 5,500 units of its product at $45 per unit in year 2011 and incurred operating expenses of $6 per unit in selling the units.
Compute the depreciation expense under the straight-line method for 2012 and 2013, assuming a December 31 year-end.
On January 2, 2011, Mize Co. issued at par $300,000 of 9% convertible bonds. Each $1,000 bond is convertible into 30 shares. No bonds were converted during 2007. Mize had 50,000 shares of common stock outstanding during 2011. Mize 's 2011 net inco..
Does the current accounting framework meet the needs of the users of financial reports as prescribed in the objective of the Conceptual Framework of Accounting?
you work as part of a team that selects part suppliers for a large manufacturer. your company is highly dependent on
(1) inventory with a basis of $15,000 and a fair market value of $13,000, and (2) land with a basis of 5000 and fair market value of $20,000. What are Amy's bases in the land and her partnership interest after distribution?
assume that the average firm in your company industry is expected to a constant rate of 6 and that the dividend is 7.
What does VaR stand for? What is its definition and why is it important to investment banks? What are some of the criticisms of VaR?
Why do you think distressed/restructuring hedge fund strategies did so poorly in 2008 (down 25% for the year)?
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