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Research a company that has been in the news for unethical practices, such as Enron, Tyco, Global Crossing, or WorldCom.
Post a 250- to 300-word response that summarizes your ideas about the following:
• What was the nature of the controversy regarding this company's practices?
• How were accounting practices involved?
• If you had been an accountant for this company, how would you have acted? Explain why.
• What might have been done to prevent the controversy?
• What was the affect of unethical behavior on the profitability of the company?
The CEO asks, "How can actual operating income be roughly 12% of the static budget amount when there are so many favorable variances?"
Assuming that the spot rate in 90 days is $.71, what is the net amount paid, assuming FAB wishes to minimize its cost?
How exactly does international tax planning assist a US citizen avoid taxes? Discuss what you feel are the legal, ethical and fairness issues involved in doing this type of international tax planning.
Assume Mr. Cobb died after Mrs. Cobb and the land was worth $240,000 at this death. What amout was included in his gross estate?
In its 2004 annual report, Apple Computer reported the following in one of its disclosure notes: "Warranty Expense: The Company provides currently for the estimated cost for product warranties at the time the related revenue is recognized."
Determine the gross margin mix, selling price, and sales volume variances. Calculate the net gross margin variance directly; then as a check see if it equals the sum of the three variance components you calculated individually.
Race decided to use the equity method to account for this investment. What was the noncontrolling interest's share of consolidated net income?
What is the balance sheet account for which a temporary difference is created by the situation? Unearned subscription revenue or subscription revenue?
How many units were transferred to the next processing department during the month?
green corporation manufactures products on a job order basis. the job cost sheet for job 656 shows the following for
Staley company has 30 order operators with associated costs of $1,000,000 per year. Staley calculated that each operator worked about 2,000 hours per year. Allowing for time off, each operator provided about 1,600 or productive work per year. What..
Which extended the useful life of the truck for an additional two years beyond that originally estimated (salvage value is still estimated at $24,000). In computing depreciation for annual adjustment purposes, expense is calculated for each month ..
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