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Question: Your task is to summarize the content of the article and Q3 report provided below, including the most important conclusions or highlights AND explain how this is directly related to principles of accounting for example accrual accounting, cost value drivers, bookkeeping process and financial information relating to cash flow, balance sheet analysis, sales and profits for a specific company; corporate governance and disclosure; inventory management; financial ratio analysis etc.
Mike Corporation exchanged land and cash of $6,500 for equipment. The land had a book value of $45,000 and a fair value of $34,000. Assume the exchange has commercial substance. Prepare the journal entry to record the exchange.
The equipment cost $410000 and had an expected salvage value of $45000. The life of the equipment estimated to be 5 years. What depreciable cost of equipment.
Prepare a performance report for Tang Company for the year. What does the report indicate about the production manager’s control of costs?
Global office supply uses the retail method to estimate ending inventory in its monthly financial statements. The following information is available for the month ended July 31. determine the cost ratio that should be used in estimating the inventory..
No exemptions and that all would therefore be carrying their fair, equitable tax burden. What do you feel concerning such a proposal?
Prepare the adjusting entry recorded on December 31, 2010. Prepare the entry recorded on February 1, 2011. Prepare the entry recorded on August 31, 2011.
Donatello is a director and officer of Enzio’s Pizza Corporation. Donatello selects an ad campaign that consumers find offensive, a marketing decision that results in a dramatic decrease in profits for the firm and its shareholders. The shareholders ..
What is the difference between a manual and a computerised accounting system and difference between a flat and a hierarchical organisational structure
Find Stiller's financial statement presentation and format. There are at least 20 failures by the company regarding proper reporting
1. in mid-december a bank treasurer projects that loan demand will require a 10 million borrowing on march 15. the
Compute the rate of ROA for 2008 and disaggregate ROA into profit margin for ROA and assets turnover components.
Bow Inc., a closely held corporation (not a PSC), has a $350,000 loss from a passive activity, $135,000 of active income, and $160,000 of portfolio income. How much is Bow’s taxable income?
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