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Assignment
1. What are the three tools of financial analysis. Explain what they are and how to use them.2. What is a comparative balance sheet? What does it consist of?3. What is ratio analysis? and what does it help?4. What is income tax deferral?5. What is tax deferral vs tax evasion?6. What is Stewardship reporting?
alicia summers is a vice president at harbor state bank in boston. during 2007 she worked for the bank all year at a
1. suppose a firm faces a current tax rate of35 but expects to fall to 20 in the future employees on average face a
Alpha Corporation has the following Shareholders ½ Equity section of the Balance Sheet at 1/1/2004:
Assuming sales of the sprinklers were discontinued after 2010, prepare any journal entry(s) in 2011 related to the warranty.
harvard company purchased equipment having an invoice price of 11500. the terms of sale were 210 n30 and harvard paid
sampson trucking company allocates the rent costs and dispatchers salaries to their different service departments on
Write a letter to Eric advising him and telling him how the group should proceed in practical terms.
now assume that boxwood uses a periodic inventory system based on the average cost assumption. their ending inventory
Cedric Company recently traded in an older model computer for a new model. The old model's book value was $180,000 (original cost of $400,000 less $220,000 in accumulated depreciation) and its fair value was $200,000. Cedric paid $60,000 to complete ..
drake companys income statement for the most recent year appears below.sales 45000
Compute the cost assigned to each food item if budgeted sales are used as the allocation base. Compute the cost assigned to each food item if actual sales is used as the base.
substantive tests of accounts receivable the following situations were not discovered by an inexperienced staff auditor
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