Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
Mel O'Conner owns rental properties in Michigan. Each property has a manager who collects rent, arranges for repairs, and runs advertisements in local newspapers. The property managers transfer cash to O'Conner monthly and prepare their own bank reconciliations. The manager in Lansing has been stealing from the company. To cover the theft, he understates the amount of the outstanding checks on the monthly bank reconciliation. As a result, each monthly bank reconciliation appears to balance. However, the balance sheet reports more cash than O'Conner actually has in the bank. In negotiating the sale of the Lansing property, O'Conner is showing the balance sheet to prospective investors.
Identify two parties other than O'Conner who can be harmed by this theft. In what ways can they be harmed? Discuss the role accounting plays in this situation. What internal controls could be put in place to prevent this type of theft?
Western Bank & Trust purchased land and a building for the lump sum of $3 million dollars. To get the maximum tax deduction, Western allocated 90% of the purchase price to the building and only 10% to the land. A more realistic allocation would have been 70% to the building and 30% to the land.
Explain the tax advantage of allocating too much to the building and too little to the land. Was Western's allocation ethical? If so, state why. If not, state why not. Identify who was harmed.
Besides containing a provision entitling Parker to use the Shoddy Shoe Repair name for the business, the parties' contract included a clause that prohibited Shoddy from opening up a competing shoe repair shop in Hoosierburg for a period of one yea..
Explain Uniform Computer Information Transactions Act and Research a recent article that discusses an issue involving the Uniform Computer Information Transactions Act and write a summary of the article
Discuss how has the various law enforcement policing development and operation trend. Evaluate past, present and future trends
Explain Electronic Surveillance and Monitoring of Employees and Electronic surveillance is not a black and white question but as certain laws inferred notice to the employee is important
What are the key issues and obligations as moral challenges including associated risks, dangers, uncertaintles and/or opportunities and what are the competing moral claims and obligations and how will you assess and prioritize them?
Explain The Legality of Contracts in a Scenario and The Adams family owned an old home in New Jersey that was in need of painting and some other repairs
The power to regulate international commerce can be best described as: a) the federal government has exclusive power b) the states and the federal government share concurrent power.
Martin decides to leave the partnership. Tim and Kathy continue the partnership. Three months after Martin has left the firm, Erika joins the clinic.
Restaurant High Spirit in town has advertised an offer of a special dinner for the last week of May this year at a price of RM90 for a couple. The menu for this special dinner can be obtained at the restaurant at any time during the month of April on..
Explain Harold and Henry's Hammer Company and Harold was an independent contractor who sold different types of the best metal in the state
Explain Contract Law- Gift Giving and If a person promises to give you a gift, there is usually no consideration
Describe the role and importance of management in organisations at various levels and explain how managers affect performance and explain the organisational processes and technologies that influence the flow of products, services and information in..
Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!
whatsapp: +1-415-670-9521
Phone: +1-415-670-9521
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd