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What is the difference between permanent and temporary book-tax differences?
Describe the requirements for a change in accounting principle and at least four reasons why companies might implement a change in accounting principle.
1. a company had expenses other than cost of goods sold of 262000. determine sales and gross profit given cost of goods
The translation (remeasurement) adjustment reported in a translation when the functional currency is not the foreign currency is included:
classic auto parts sells new and used auto parts. although a majority of its sales are cash sales it makes a
during the month of march wang company sold merchandise on account for 9100. the merchandise had cost wang 4900. which
Discuss the importance of making short term and long term financial decisions. Which is more important for the firms?
Journalize all entries required on the abouve dates, including entries to update depreciation, where applicable, on assets disposed of. Thomas Company uses straight-line depreciation. (Assume depreciation is uo to date as of Dec 31 2005.
which of the following is reported as an operating activity in the statement of cash flows? the payment of
On the first day of the fiscal year, a company issues a $1,000,000, 7%, 5 year bond that pays semi-annual interest of $35,000., receiving cash of $884,171. Journalize the entry to record the issuance of the bonds.
Leister Auto Supply does not segregate sales and sales taxes at the time of sale. The register total for March 16 is $15,540. All sales are subject to a 5% sales tax.
The performance sharing plan also used two other critical values: the earnings from operations threshold amount and the earnings from operations stretch target. The targets for 1994 are shown here:
which of the following is a major accounting contribution to the managerial decision-making process in evaluating
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