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1. Governmental Accounting Standards Board (GASB) and Financial Accounting Standards Board (FASB) Analysis Paper (APA format)
Prepare a 500 to 700-word paper comparing and contrasting GASB and FASB accounting:
a. Explain the objectives of the two standards boards and how they are similar and different.
b. Describe how the modified accrual basis of accounting differs from full accrual accounting.
Starge Inc. owns 30% of the outstanding voting common stock of Ticker Co. and has the ability to significantly influence the investee's operations and decision making.
If a gain of $18,000 is incurred in selling (for cash) office equipment having a book value of $120,000, the total amount reported in the cash flows from investing activities section of the statement of cash flows is:
len is entitled to receive monthly payments of 1,500 over his life from his employer's qualifield pension plan the payments begin january 1, 2011 he contributed 71,500 to the plan prior to his retirement at age 62. using the simplified method, how..
A private-purpose trust fund sold investments in securities having a carrying value of $23,000 for $26,000, resulting in a $3,000 gain on the change in value. If there are no trust provisions to the contrary, the gain is generally??
Brannon company manufactures ceiling fans and uses an activity-based costing system. Each ceiling fan consists of 20 separate parts totaling $95 in direct materials, and requires 2.5 hours of machine time produce. What is the cost of machining per..
Review the annual reports for PepsiCo, Inc. and The Coca-Cola Company in Appendixes A & B, especially the Consolidated Statements of Income and the Balance Sheets on pp. A4, A6, B1, & B2 of Financial Accounting.
Which of the following best describes an opportunity cost?
What are the tax consequences to Bluejay and to Redbird as a result of Bluejay's liquidation?
If a parent company elects to use the partial equity method rather than the cost method to record its investments in subsidiaries, what effect will this choice have on the consolidated financial statements?
Bishop has a capital balance of $ 120,000 in a local partnership, and Cotton has a $ 90,000 balance. These two partners share profits and losses by a ratio of 60 percent to Bishop and 40 percent to Cotton. Lovett invests $ 60,000 in cash in the pa..
Ethical Code in cost & Management Accounting, CIMA has provided the following as elements of code of conduct to be followed by cost and management accounts. Define and explain them in relation to cost and Management Accounting.
Find an article of pertinence to either current tax issues, policies, or laws, and post a link to that article in a discussion thread. Summarize the article you chose to begin the discussion.
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