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Question - Using an internet search engine, research a case in the news of accounting fraud. Make sure that the case is current (January 2018 to present).
1) Summarize the case. What happened? Who was responsible for the fraud?
2) Was there any resolution to this case?
3) Do you agree with the resolution, if applicable?
What is Metro's realized gain or loss, recognized gain or loss, and adjusted basis in Land B in each of the following alternative scenarios?
How much total liabilities did the city have before and after the bankruptcy? What are the major types of liabilities?
On December 31, Green Co. had the following list of accounts and their respective annual balances. Complete the statement of owner equity
The equipment's useful life is five years. Record the depreciation for this year and then determine the equipment's carrying amount
RTI outlets on a stand-alone basis for $1,000. What is the total revenue reported by Running Treadmills in the month of January for this sale?
Calculate controlling interest in consolidated income
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Effect of cash dividend and stock split - affect Indigo Inc.'s total assets, liabilities, and stockholders' equity
ABC adapted sum-of-the-years'-digits depreciation method, compute the depreciation expense for his building in ABC's December 31, 2005
Identify and briefly describe cost behaviour characteristics for the different cost elements of a product or service
Desert estimates the fair value of the recourse liability at $340,300. What would be recorded as a loss on the transfer of receivables
Please comment on the following post: "The IASB is currently considering improvements to the goodwill and impairment provision of IAS 36, Impairment of Assets.
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