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This paper is designed to: a) promote critical thinking of the assigned readings; b) enhance your academic writing skills; and c) facilitate class participation and discussion. In this paper, you will be required to briefly summarize and critically analyze the week's readings(attach file). Thought papers will be evaluated on 3 main criteria: 1) accurate representation of information (2%); 2) evidence of independent and critical thinking (2%); and 3) clarity of expression and writing (2%). See the Thought Paper Grading Scheme for further details.
Transactions Reported in Classification, If an item needs to be reported on the balance sheet, select "Balance Sheet" and if an item need not be reported at all, select "Not to be Reported."
Many firms recognize revenus at the point of shipment. This provides an incentive to accelerate revenues by shipping goods at the end of the quarter.
a companys income statement showed the following net income 139000 depreciation expense 37500 and gain on sale of plant
Using the information from RE12-9, assume that three years later the fair value of America's Sweethearts is $720,000. Of this fair value, $350,000 is attributable to identifiable assets and liabilities. Calculate the impairment loss (if any) and reco..
spratt inc. sells fireworks. the companys marketing director developed the following cost of goods sold budget for
Spending authority appropriated but not yet apportioned by the OMB Amounts due or accrued for services and goods received
Which financial statement(s) does the input come from? Most importantly, what does it tell you about the financial performance or health?
On November 1, Prince Vacuum Company offered special early retirement benefits to those employees who were eligible. This program was in effect until year-end. Prince should recognize a liability and an expense related to these special termination..
There are four steps in the auditor's process of understanding internal control and assessing control risk for a public company. The first step is to obtain and document an understanding of internal control: design and operation. What are the rema..
on december 312012 dow steel corporation had 800000 shares of common stock and 50000 shares of 8 noncumulative
On January 1, 2011, Ross Corporation issued bonds with a maturity value of $200,000; the bond's stated rate of interest equaled the market interest rate on the issue date.
what future technology and trends may affect the accounting profession? what changes in information technology will
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