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There are many situations that may motivate managers to commit financial statement fraud. Please list at least two situations that you feel would be good motivation for managers to commit financial statement fraud. In addition to listing these situations, please give at least two possible methods to prevent and detect the frauds.
If the new business is expected to earn $72,000 of after-tax net income in the first year, what rate of return on beginning equity will Kelly earn under each alternative plan? Which plan will provided the higher expected return?
Over head application to job- How much overhead should be applied to Job No. B12
Burlin Company starts the year with $108,000 in assets and $21,600 in liabilities. Net income for the year is $27,000, and no dividends are paid. How much is owners' equity at the end of the year?
The balance sheet tells me about the cash the company's got; the cash flow statement tells me about its changes in cash. Who cares about the income statement?
If 'profit' maximisation is biased towards maximising the interest of only one stakeholder group, would you expect that over time there will be less emphasis on profits and more emphasis on other performance indicators?
Determine the best regression equation possible given the data in Table 1 and the fact that overhead is to be the dependent variable.
During the current year, the stock became worthless. It was determined that the company "went under" because several corporate officers embezzled a large amount of company funds. Identify the relevant tax issues for Jack.
the remaining stock is owned by an individual. Brown, Davis and Clark corporation are what type of control group?
Explain. What journal entry would be made for the days worked and what entry would be made when the wages are paid on Saturday?
Prepare interest payment entry for Barkley Company on 31st December, 2012 and what entry should Barkley make on 1st January, 2014?
cypress oil companys 31st december 2013 balance sheet listed 645000 of notes receivable and 16000 of interest
The controller for Traditional Manufacturing Inc. performed a trend analysis of the unit manufacturing costs of product T-2 for the month of March. Two patterns emerged; there was a gradual upward trend in the unit costs over the month for T-2 and th..
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