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A) Prepare easy fictitious financial statements
B) Write notes for the fictitious annual report.
Note 1: important Accounting Polices
Notes 2-10+: Consisting of at least the items below.
InventoryProperty, Plant, & EquipmentContingencies and LiabilitiesChanges in Accounting Principles or EstimatesPost Balance Sheet EventsMergers and AcquisitionsLease ObligationsEPSLong-Term DebtEmployee Pension Obligations
The notes will then include detailed information about at least 10 different items that are regularly contained in the notes to the financial statements.
The student will gain experience in writing business topics and require to have detailed information provided in the notes to financial statements.
Evaluate the detail information that should be included in Notes 2-10+. It is important to understand the difference between information furnished in Note 1 and a separate note detailing information for the subject of the individual notes.
Evaluate the cost will be recovered from future sales
Evaluate the eliminating entries required for the 20X9 consolidated financial statements and offer correct eliminating entries essential for the 20X9 consolidated financial statements.
actual manufacturing overhead was $181,500. The pre - determined overhead rate for the year must have been
Distinguish normal and actual cost
Explain each author's role and importance within the Harlem Renaissance.
Evaluate ending cash balance
Supplementary office equipment costing $600 was purchased on credit from Discount Computer Corporation.
Describe the rationale for the nature of the audit report (qualified or unqualified) rendered
Total dollar of each of the elements of the accounting equation
Determine the machine hour absorption rate for cost centre P1, and the direct labor hour absorption rate for cost centre P2.
Compute accrual and cash income- Evaluate the first year's net income under both the cash basis and the accrual basis of accounting
Which of the subsequent properly portrays the components of net position for proprietary funds?
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