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Question 1: Indicate whether the following events might cause shares in general to change price, whether they might cause just abc ltd.'s share to change price or whether they would not affect share prices:
a. government announces that inflaton unexpectedly jumped by 2% last month.
b. the directors of abc ltd. die in a plane crash.
c. the government approves changes to company tax. the legislation has been debated for the previous six months.
Which is a reason why Diluted Earnings Per Share is less than Basic Earnings Per Share for a firm? Because the firm has debt and can take advantage of leverage
Gegax Manufacturing incurred the following costs in acquiring land, making land improvements, and constructing and furnishing a new building. Set up columns for Land, Land Improvements, Buidling, and Furniture. Show how to account for each cost by li..
What is the minimum selling price Mr. Berg, Jr., could have quoted without reducing or increasing company net income?
Accounting for leases. It has proposed eliminating the distinction between capital and operating leases (As defined in case exhibit 4) and instead requiring all leases to be recorded as capital leases. What are principal arguments for and against..
In 2014, Pacilio Security Services decided to expand its business to sell security systems and offer 24-hour alarm monitoring services. It plans to phase out its current service of providing security personnel at various events. Prepare a trial bala..
Describe the importance of data driven fraud detection, including the difference between accounting anomalies and fraud.
Jones manufactures and sells custom storm windows for enclosed porches. Jones also provides installation service for the windows. The installation process does not involve changes in the windows, so this service can be provided by other vendors. The ..
Evaluate the amount of desired profit from the production and sale of Product T. and evaluate the total variable costs for the production and sale of 75,000 units of Product T.
During a period, Department A finished and transferred 76,000 units to Department B. Of the 76,000 units, 15,200 were one-fifth complete with respect to direct labor at the beginning of the period and 49,500 were started and completed during the peri..
Analyze and comment on the financial statements of the company and only gives you one hour, how would you carry out the analysis?
what must auditors do to meet their obligations under professional auditing standards related to the observation of inventory?
What is the Accounting Equation? What are debits and credits? How do they affect the accounting equation?
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