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Week 3 - DQ 2
Why do auditors have to consider the internal controls of the organization? What are some key elements of internal control? Which are the most important? How will the auditor have to modify the audit program if the internal controls are deemed inadequate to support management assertions?
Publicly traded firms are required to report to the investors using an accrual not a cash-basis approach. Do you think they should? What are the advantages? The drawbacks?
using the tables above if an investment is made now for 20000 that will generate a cash inflow of 7000 a year for the
pureform inc. manufactures a product that passes through two departments. data for a recent month for the first
What is the importance of a standard formatting language for Web pages and a standard addressing system?
Now assume that the Hall of Fame wants special hologram baseball cards. Collectible Cards must spend $5,000 to develop this hologram, which will be useless after the special order is completed. Should Collectible Cards accept the special order und..
what is the present value of 200000 to be paid at the endof 10 years assuming an 8 interest rate?what is the present
in the 30 june 2009 annual report of sydney ltd the equipment was reported as followsequipment 500000.accumulated
Compute the Federal income tax liability for the Kim Trust. The trustee reports the following transactions for the 2011 tax year. The trustee accumulates all accounting income for the year.
During the first week of 2014, the Payroll Department of Omni Corporation is preparing the Forms W 2 for distribution to its employees along with their payroll checks on January 3.
one of eastvacos business segments involves the manufacturing of three types of book binders. the profit margin on the
In addition, Lonnie paid the contractor $5,000 to construct an entrance ramp to his home and $7,000 to widen the hallways to accommodate his wheelchair. Lonnie's AGI for the year was $80,000. How much of these expenditures can Lonnie deduct as a m..
on april 8 2010 a flood destroyed the warehouse of stuco distributing co. from the waterlogged records of the company
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