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Problem 1: What has been done to strengthen the audit function since the cases occurred and what has not been (or cannot be) done to reduce the likelihood that the situations that occurred in the cases occur again. Your participation must consist of a substantive post of your own and at least three substantive interactions with your fellow students. Given that the purpose of a Discussion is to talk to each other, you must interact. What you say must contribute and add value to earn points. Simply repeating something that has already been said, or affirming someone else's opinion, will not earn points. Your language can be conversational, but must be appropriate - do not use any texting language or slang. While reasoned analysis is appropriate and may include an opinion, do not simply post unsupported opinions. This discussion involves talking to each other; therefore, posts made at the last minute will not be given full credit, because you are not giving the rest of the class an opportunity to comment on your ideas.
On December 31, 2012, Pacifica, Inc., acquired 100 percent of the voting stock of Seguros Company. Pacifica will maintain Seguros as a wholly owned subsidiary with its own legal and accounting identity. Pacifica’s entries to account for the considera..
How much will they have to invest today for the baby to have $100,000 for college in 18 years if the interest rate is 5 percent? If the interest rate is 10 percent?
Record the necessary entries in the Journal Entry Worksheet below. Fighting Irish Incorporated pays its employees $5,600 every two weeks ($400/day). The current two-week pay period ends on December 28, 2015, and employees are paid $5,600. Record the ..
At 30 June 2019, Investor Ltd, Using the equity method, what is the amount of Investor Ltd's investment in Associate Ltd at 30 June 2020?
Assume Hanson, Inc. has no alternative use for the facilities presently devoted to production of the prositrons. If the outside supplier offers to sell the prositrons for $850 each, should Hanson, Inc. accept the offer? Fully support your answer w..
Joe has been cutting hair in Everyville, USA for the past 40 years. Customers know they will get a reasonably priced haircut in a relaxed atmosphere and continue to support Joe’s shop despite the frequent changes in the hair styling industry. Prepare..
Assume McEntire Corp. restricted retained earnings in the amount of $70,000 on December 31, 2010. After this action, what would McEntire report as total retained earnings in its December 31, 2010, balance sheet?
A concerned citizen provides resources and establishes a trust with the local government. What factors should be considered in determining which fund to report the trust activities?
Record the depreciation expense for 2021 using the straight-line method assuming the company chooses to prorate depreciation
What is the value as of today of three payments of $5000,$8000 and $9500 to be made by the end of the next 2 years,5 years and 8 years respectively.
Laura's Dress Delivery is in the mail-order business, all sales are made on account. The company expects a 21 percent drop in sales for January
On May 31, 2020, Evergreen Corporation borrowed $5,000 cash on a 90-day note payable. How much cash did Evergreen receive at the time of borrowing
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