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What are some of the motivations for changes in accounting principles, changes in accounting estimates and accounting errors? What do you think were the major motivations for CEOs, CFOs, Controllers and Accounting personnel committing financial statement fraud in the many recent debacles like Enron, Worldcom, HealthSouth, Global Crossing, Xerox, Tenet Healthcare, Qwest, Fannie Mae, Freddie Mac, Computer Associates, Halliburton and the many others?Do you think there may be different motivations depending upon the accounting level of the person?
Yount Company reports the following for the month of June Compute the cost of the ending inventory and the cost of goods sold using the average-cost method.
tyrell company has a supplies account balance of 1000 on january 1 2011. during 2011 it purchased 3000 of supplies. as
Write down the expression for SpringFresh's annual after-tax profit.
which of the following costs would be classified as variable and which would be classified as fixed if units produced
spendlove corporation has provided the following data from its activity-based costing system activity cost pool total
boyne inc. had beginning inventory of 13700 at cost and 28700 at retail. net purchases were 147850 at cost and 175000
michaels company segments its income statement into its east and west divisions. the companys overall sales
delta safty system manufactures a componont used in aircraft radar system the firms fixed cost are 3000000 per year
rohan corporation holds assets with a fair value of 150000 and a book value of 125000 and liabilities with a book value
magmag applies manufacturing overhead to each job using department overhead rates. the companys operations are divided
the dunder mifflin company has total assets of 247848000 current liabilities of 68208200 and long-term liabilities
In addition, Austin estimates that the new machine will increase the company's annual net cash inflows by $35,000. The machine will have a 12-year useful life and no salvage value.
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