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Research a company that has been in the news for unethical practices, such as Enron, Global Crossing, or WorldCom. Post a 250-300 word response that summarizes your ideas about the following
1.) What was the nature of the controversy regarding this company's practices?
2.) How were accounting practices involved?
3.) If you had been an accountant for this company, how would you have acted? Explain why.
4.) What might have been done to prevent the controversy?
5.) What was the affect of unethical behavior on the profitability of the company?
Put Company paid $220,000 for an 80% interest in Sel Company on July 1, 2011, when Sel Company had total equity of $110,000. Sel Company reported earnings of $10,000 for 2011 and declared dividends of $8,000 on November 1, 2011.
What is the difference between internal documentation and external documentation? Examples? Which type is considered more reliable?
Solutions Corporation, a computer vendor and consulting company, uses the accrual method of accounting. Its tax year is the calendar year. The following are three of the corporation's transactions during the current year:
Spectre Chemicals produces Zaloff in a two department process. Information on the two departments for March and April, 2011 are as follows
B. Tanner contributed $14,000 in cash plus office equipment valued at $7,000 to the TC Partnership. At the same time Chen will invest a building which is worth $90,000 to the partnership. What will be the journal entry to record the formation of t..
Discuss main objectives of non- profit-making organisations
The First Chance Casino has a gambling facilities, bar, restaurant, and hotel. All employees are permited to obtain food from the restaurant at no charge throughtout working hours.
The Nut House sells almonds, cashews, and pistachios. Pistachios outsell cashews by a margin of 2 to 1 cans. Almonds were half the sales of cashews in cans.
Meese Paper Distributors, Inc. has before-tax earnings of $1,900,000. Using the corporate tax table found in the text, calculate the amount of the total tax liability for Meese.
The quantity demanded falls to 300 units per week. Use the formula for arc elasticity to compute elasticity along this portion of the curve.
When the analysis is a based on an entire group or in other words all of the members of the group under study then the population is in place. A sample is taken when this population is too large to measure each one of the members.
Examine the variable "diamond." What does this measure? How do you think this variable will relate to GDP per capita and GDP growth?
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