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1. Midwest Division operates as a profit center. It reports the following for the year.
Budgeted
Actual
Sales
$1,500,000
$1,700,000
Variable costs
700,000
800,000
Controllable fixed costs
400,000
Noncontrollable fixed costs
200,000
Prepare a responsibility report for the Midwest Division for December 31, 2010.
casey companys bank statement shows a bank balance of 43267. the statement shows a bank service charge of 50. caseys
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The University of Danville is a private not-for-profit university that starts the current year with $700,000 in net assets: $400,000 unrestricted, $200,000 temporarily restricted, and $100,000 permanently restricted.
Clydesdale Corporation has a cumulative temporary difference related to depreciation of $580,000 at December 31, 2012. This difference will reverse as follows: 2013, $42,000; 2014, $244,000; and 2015, $294,000.
watch corporation of switzerland claims that its watches on average will neither gain nor lose time during a week. a
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imagine that you are a nutritionist and responsible for educating your customers on the importance of eating health.
Financial statements are prepared in accordance with what? What governing bodies set accounting standards? Why do you think financial statements are required to be prepared using the same standards?
You have been employed as an entry level management accountant for little under a year. You suspect that your immediate supervisor is involved in a significant fraud involving diverting of companys assets to personal use.
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