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Describe for the students the primary objectives of accounting.
Explain the basic terminology of the accounting process or financial reporting.
Explain how accounting can affect your personal life emphasizing professional ethics.
Explain the role that technology has played in small business accounting
The Red Car Division has excess capacity and the 1,000 units can be produced without interfering with the current outside sales of 5,000. The 6,000 volume is within the division's relevant operating range.
I know that Eleanor will have a capital gain...but how does having the transaction qualify or not qualify for sale or exchange treatment affect Eleanor's capital gain?
Kyle sold land on the installment basis for $100,000. His basis in the land was $70,000. Kyle received a $40,000 down payment and a real estate installment sale contract calling for $60,000 in additional payments in future years.
What is the advantage of overestimating? What are the pitfalls of under-estimating?
Phipps Company borrowed $25,000 cash on October 1, 2009, and signed a six-month, 8% interest-bearing note payable with interest payable at maturity. Assuming that no adjusting entries have been made during the year, the amount of accrued interest ..
Purchases land having a fair value of $336,000 by issuing a 4-year, zero-interest-bearing promissory note in the face amount of $592,147.
Amounts paid on June 30 for a 1-year insurance policy, Professional fees earned but not billed as of June 30
The company has 10 million shares of stock outstanding. What is the best estimate of the stock's price per share?
Describe different revenue recognition methods under GAAP and IFRS. Define ADR firms.
What are some advantage of issuing common stock as opposed to bonds? What are some disadvantages?
What are the main approaches for setting transfer prices? How can the problems that these approaches create be reconciled between the selling and buying divisions?
Who is the best employ in Dr. Conrad's office to reconcile the bank statement? Would a bank reconciliation uncover office fraud?
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