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1. What type of accounting information is provided to external users? What type of accounting information is provided to internal users?
2. Suppose your company paid $12,000 in cash for its rent. 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. Physical control is a key feature in an internal control system. Why is physical control such an important internal control? Give an example of physical control as an internal control.
6. Describe the income statement. 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?
marc and michelle are married and earned salaries this year of 64000 and 12000 respectively. in addition to their
Which is better for preventing or detecting fraud a rules based system like US GAAP or a principles based system like IFRS? Please provide the reasons for your opinion.
1.question 1 optionsa firm has an roi of 15 turnover of 3 and sales of 6 million. calculate the firms margin.enter your
crabtree co. purchased 60000 of 6 15-year thomas county bonds on june 20 2014 directly from the county at their face
During 2004, Yvo Corp. installed a production assembly line to manufacture furniture. In 2005, Yvo purchased a new machine and rearranged the assembly line to install this machine. The rearrangement did not increase the estimated useful life of th..
1. Relevance versus Faithful Representation. The fair value of the build- ing may provide more relevant information to decision makers, but fair value estimates are not as free from error as historical cost information.
Post to the ledger accounts
michaels company segments its income statement into its east and west divisions. the companys overall sales
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You are a controller in a midsized manufacturing company that has acquired 100% of another company. The acquired company includes two segments and two different pension plans. Both of these reporting issues are new to your CEO, and your CEO wants ..
During the current year, Danny - a calendar-year taxpayer - acquired and placed in service the following business assets:
rancher roy wants to make a rectangular garden that he will plant during november with winter vegetables. the outer
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