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1. What are Generally Accepted Accounting Principles (GAAP)? How does GAAP affect financial reporting? How might GAAP need to change to accommodate today's dynamic business environment.
2. What is the FASB Codification System? What is the purpose of the FASB Codification System? How can it be used to make better accounting decisions?
3. "Proponents of critical perspectives research believe that mainstream accounting research relies on assumptions that considered in a vacuum which does not mirror reality." What do you think about this statement?
the ashland company has been having some difficulties estimating its manufacturing overhead costs. in the past
Do you approve or disapprove of Dobbs's manner of deciding when to ship goods to customers and record the sales revenue? If you approve, give your reason. If you disapprove, identify a better way to decide when to ship goods. Is there an accountin..
Is Landon's proposal acceptable accounting?
the standard cost of product b manufactured by tlc company includes 3 unit s of direct materials at 6.75 per unit
at the end of the preceding year galactic industries had a deferred tax asset of 17500000 attributable to its only
Under a plan of complete liquidation, Coast Corporation distributes land with a $300,000 adjusted basis and a $400,000 FMV to William, a 25% shareholder. William has a $200,000 basis in his Coast stock. The land is inventory in the hands of Coast ..
barnes and miller manufacturing is trying to determine the equivalent units for conversion costs with 5000 units of
On January 1, 2011, Nana Company paid $100,000 for 8,000 shares of Papa Company common stock. These securities were classified as trading securities.
On April 1, 2007 when the machine has a market value of 27,500, it is exchanged for a machine with a fair value of 135,000 and the proper amount of cash is paid. The exchange lacked commercial substance.
structuring a make-or-buy problem fresh foods a large restaurant chain needed to determine if it would be cheaper to
What value should be assigned to the common shares issued? How should Need Cash record the issuance of the convertible debentures and detachable warrants?
the current price of microsoft corps stock is 45 the annual risk-free rate is 1.3 and a 1-year call option with a
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