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1. Find the discussion of depreciation methods in the notes section in your 10-K. What methods are used? Discuss why that method/those methods were selected by your company, and whether or not you agree with those selections.
2. The Balance Sheet just has one line for net property, plant, and equipment. Find the detail behind this number in the notes section. What assets are included in this number? Which of these assets is the largest? Does it surprise you, or does it seem consistent with what this company does? How much is accumulated depreciation at the recent year-end? How much is your accumulated depreciation as a percent of gross property, plant, and equipment? Is that percentage high or low, good or bad.
2. Does this company have any unearned revenue? If so, on what financial statement did you find it? What did the Notes or Accounting Policies sections tell you about it? Were you able to ascertain at what point the unearned (deferred) revenue turns into revenue?
3. Take a look at the financial statements. What is your opinion on how Starbucks is performing? Are they doing better this year than last year? Is there anything surprising to you in their financial statements?
Determine the total bond interest expense to be recognized over the bonds' life.
carver test systems manufactures automated test systems that perform quality inspections during and at the completion
For the last 1,000 bag batch determine the standard cost variances for the direct materials, direct labor, and variable overhead.
On January 1, 2007, the stockholders of Phillips and Solina agreed to a consolidation. Because FASB requires that one party be recognized as the acquirer and the other as the acquirer-Prepare the journal entries on the books of Phillips to record t..
As part of an auditor's understanding of the client's internal controls governing their financial statements, an auditor is not obligated to determine whether the controls have been implemented. True/False? Why?
If a building for sale has an estimated market value of $800,000, could it at the same time have an investment value of $10,000,000? Why or why not?
the dollar store has a human resources department and a janitorial department that provide service to three sales
What are some examples of basic entries to record transactions used in your organization? In your response, you are not required to journalize these entries.
When you are preparing a Statement of Owner's Equity and have to subtract the investments to get the beginning capital, do you subtract the cash in bank? Is that an investment?
Prepare a report for the firm's CEO indicating which projects should be accepted and why
What are the key success factors and risks for UPS given its business strategy? How is UPS performing? What factors are driving this performance? Is the current performance likely to be sustained? Why or why not?
You are an internal auditor of a small rural bank with 3 branches. The bank's customers are mainly farmers. The bank is a publicly traded corporation (OTC) and qualifies under the Sarbanes-Oxley Act of 2002 (SOX) regarding financial reporting requ..
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