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1. Suppose your company sold $25,000 in merchandise to a customer for cash. How does this transaction impact the accounting equation?
2. Suppose your company sold $50,000 in merchandise to a customer for cash. How does this transaction impact the accounting equation?
3. Rationalization is one of the components of the fraud triangle. What types of rationalization could a person use to justify misconduct? How can a company protect itself from rationalization as a part of fraud?
4. What is horizontal analysis of financial statements? How does horizontal analysis differ from vertical analysis?
5. Separation of duties is a key feature in an internal control system. Why is separation of duties such an important internal control? Give an example of separation of duties as an internal control.
6. Describe the balance sheet. Why is this statement important to the company, creditors, and investors?
7. Name and describe one liquidity ratio. What does this ratio measure? What is the formula for this ratio?
Compute Olga's depreciation expense for 2008-2010 assuming the mid-quarter convention applies to all three-year property placed in service during 2008.
research the following questions and give authoritative support for your answer1. the accounting supervisor of
you are reviewing the december 31 2011 financial statements of ellies antiques that is considering an initial public
At December 31, 2008, the fair value of the securities was $585,000. What should Quinn report on its 2008 income statement as a result of the increase in fair value of the investments in 2008?
bagodonuts company bought a used delievery truck on jan 1 2010 for 19200. the van was expected to remanin in service 4
the following information is provided income before taxes 900000 income before taxes included the following
Anil, a single taxpayer, acquired 100 shares of Section 1244 stock in 2003 for $200,000. In 2010, Anil sold all of the shares to William for $50,000. How should Anil treat the loss?
What percentage is the coupon rate that ram would have to pay on the convertible, callable bond?" 6%, greater or less than 6%, or 8%
Compound interest is computed quarterly on $700 for seven years at 12 percent annual interest. The future value table is used by multiplying the $700 by which factor?
abc company has the following costs related to its manufacturing process supervisor salaries 100000 utilities 30000
Sheppard industries evaluating a proposal expand current distribution facilities. Management projected produce cash flows years (in millions)
Develop and excel spread sheet to analyse the operations of the business you have chosen over a three year period, use ratio analysis, trend analysis and other qualitative information to undertake the analysis.
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