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?What are some of the views on capitalization of leased assets? In what situations do you think leased assets should be reported as capital? Why? Select an asset that does not meet the GAAP requirements for capitalization on a technical basis (either the 75% or 90% test), would it be capitalized under IFRS? Which is more in keeping with the needs of investors? (Ch. 21 of Intermediate Accounting)
the nguyen corporation borrowed 30000 to purchase some new equipment. if the company agreed to make annual loan
There is an unamortized discount on the bonds. Using the book value method, the company would record what increase in paid-in capital in excess of par - Know how to calculate earnings per share on common stock.
the finney company is reviewing the possibility of remodeling one of its showrooms and buying some new equipment to
the following information pertains to baxter company for 2013 beginning inventory 90 units 15 units purchased 320
the following information is available for satterfields custom glass for the fiscal year ending december 31
slim corp. requires a minimum 8000 cash balance. if necessary loans are taken to meet this requirement at a cost of 1
the accuracy of accounting records is enhanced by the integrity of internal controls. comment on this statement and
schopp inc. has been manufacturing its own shades for its table lamps. the company is currently operating at 100 of
How might a manufacturing system differ under a quality-based view versus the traditional view of managing quality?
A company has net sales of $410,000 and average accounts receivable of $82,000. What is its accounts receivable turnover for the period?
At the start of 2012, Vadercorp reported retained earnings totaling $940,000. Prepare a statement of retained earnings.
imperial jewelers is considering a special order for 20 handcrafted gold bracelets to be given as gifts to members of a
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