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Problem 1: On 10/21/20Y1, Company A faced a lawsuit that was probable of losing and reasonably estimated that it might need to pay 10M. On 11/29/20Y1, Company A lost the lawsuit and it paid 13M a month later. What are the journal entry on 10/21/20Y1, 11/29/20Y1, and 12/29/20Y1?
What are the two primary functions of a financial forensics professional. What is one reason for the proliferation of white collar crime
What is the dollar amount change in the Preferred Stock total par value during 2013? How many additional shares of Preferred Stock were sold in 2013
Create Journal Entries for the following business transactions: Sold merchandise on account to Troy Co., invoice no. 10, $50.
Compute the missing amount in the accounting equation for each entity from the financial information presented:
If a partnership wants to be taxed as a corporation, how would it go about doing so? If a corporation (incorporated under state laws) wants to be taxed.
Problem - Analysis of Amortization Schedule and Interest Entries, Determine the stated interest rate and the effective interest rate
After reviewing Mr. Donaldson's accounting information, you are about to write a business memo to Mr. Donaldson. In the memo, you should compare cash-based operating cash flows with accrual-based net income and explain why it is of Mr. Donaldso..
If Lauren contributes $2,500 to the charity each year, what will be her income tax liabilities for 2015 and 2016
Prepare an income statement for the year 2010 using the multiple-step form. Common shares outstanding for 2010 total 40,550 (000 omitted)
the general fund collected 825000 in accrued taxes which was transferred to the debt service fund 600000 of this amount
The Police Department of Ramser Falls signed a noncancellable lease for computer equipment on January 1, 2012. The lease was for 5 years, the economic life.
How much will Oxford Engineering's total profits change if they decide to buy the starter assembly from Tidnish Electronics instead of making it themselves?
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