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Questions:
1. What is the distinctive difference between the United States focus on promulgating and implementing accounting principles and that of other countries? What does each system entail? Which perspective, in your opinion, is more advantageous? Why? Which system does an American international company, such as Michelin Corporation, use when compiling financial statements? Give an example of how one system is more useful than another.
2. Why is it important that GAAP be followed? Consider the following situation: An investor needs to decide whether to invest in Company A or Company B. The investor reads the annual reports of each company and begins to make comparisons of the profitability of each company? What assumption is this investor making? What is the effect of this assumption being untrue?
3. Accounting principles have become stricter in the past ten years. Why is this? What are some distinctive differences between accounting laws created 20 years ago and those created today? What is the purpose of modern accounting regulation? Give your opinion of how effective modern accounting laws have been on the honest issuance of financial statements. Give an example of how honest disclosure affects our economy on a daily basis.
As Jonah wades through huge piles of the inventory and questions the team on operations, he quickly identifies the problem. Which of the implemented methods above does Jonah contribute to stacks of inventory?
This week, Airbus announced it was building new plant in Alabama. Can you aid me in answering the following questions based on information in conjunction with Foreign Direct Investment.
A detailed analysis and evaluation of company'ssolvency , liquidity and profitability position. Develop common-sized income statements for most recent two years, and comment on items which you deem important.
Please explain, identify, and justify effective funding strategies in the following areas:
Preparation of classified balance sheet using given data, From the following data, prepare a classified balance sheet for Simon Company at December 31, 2006.
Term Structure of Interest Rates
Explain why a firm like Grate Care might decide to use both residual income and return on investment as measures of performance.
Write down a 3-5 pg paper comparing and contrasting Federal and state tax research. Examine the different constitutionality challenges with regard to Federal and state taxes.
Which is better for preventing or detecting fraud a rules based system like US GAAP or a principles based system like IFRS? Please provide the reasons for your opinion.
There was $800 of supplies on hand at the end of the year. Prepare the adjusting entry for the end of the year.
A company has current assets of $45,000, current liabilities of $30,000, and total liabilities of $55,000. The current ratio is:
Build up an income statement in good form for Sanford Company for the first three months of 20x3. Provide journal entries for each of the transactions. The numbers in the journal entries can be rounded to the nearest dollar.
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