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Find a newspaper article or web page report of an item of accounting news, i.e. it refers to a current event, consideration, comment or decision that has been published after June 2013. Your article could also come from one of the professional journals such as 'Charter'. The article should not come from an academic journal. Academic journals generally do not contain news articles or articles of less than one page and are usually only published 2 or 4 times a year. If you are having a problem ensuring that your article is from an appropriate source contact Shibly Abdullah ([email protected]).
Explain the article that you have found in your own words and clearly relate the concepts, ideas and facts within the article to one or more of the theories or topics that you have studied this session. For example, the Australian Financial Review article contained in your readings (2.1) can be linked to topics such as Ethics, Accounting regulation and politics and Normative accounting theories (conceptual framework projects). Provide a copy of the article or web page, with details of the source, date and page number with your question answer.
Recording Journal Entries - Lightning Fast Computer Company recently began operations and had the following transactions related to common stock. Prepare journal entries for each transaction.
Money from these accounts could be mixed or further divided and sent to other accounts or individuals, who, in turn, would do the same, until several checks for $1000 or less eventually arrive at party headquarters.
The net income for the year is $30,000. What are the ending capital balances for each partner?
Prepare a multiple-step income statement with earnings per share disclosure. Plano Company. Partial trial balance for Plano Company.
What is one of the analytical procedures commonly used when auditing accounts in the inventory and warehousing cycle? Why do we use this procedure (i.e., what does it tell us)?
Calculate depreciation expense per mile under units-of-activity method - depreciation method for each bus, and various methods were selected. Information concerning the buses is summarized below.
Purpose an income statement, a retained earnings statement, and a classified balance sheet.
Another employee argued that a Private Purpose Trust Fund should be used for both principal and income. Do you agree with either of these individuals, or do you have a better suggestion?
What problems are related with using the average cost per unit as a performance measure and what problems are related with using the variable cost per unit as a performance measure?
Calculating Missing Values to be disclosed in Final Financial Statements - Consolidated financial statements are being prepared on December 31, 2007. What balance should be reported for each of the following accounts?
Calculate the balance in retained earnings at the time of the change (beginning of 2011) as it would have been reported if FIFO had been used in prior years.
What type of serial bond schedules an increase each year in annual principal repayment approximately equivalent to the decrease in interest payments?
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