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Rita and Todd exchange real estate in a like-kind exchange. Rita’s property is subject to a $40,000 mortgage and has a basis of $75,000 (fair market value of $112,000). She receives real estate with a fair market value of $72,000 and Todd assumes the mortgage. What is her recognized gain and adjusted basis for the real estate received?
Using any information you can obtain about this company and industry, write a report explaining this abnormal trend between the net income and the cash flow numbers and whether this should be a red flag to investors and creditors.
Determine the contribution margin per TV? Estimate total profit considering production and sales of 150 unties.
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?
Find the immediate dilution potential for this new stock issue and Should the new issue be undertaken based on earnings per share?
The Financial Statements (unaudited) for the year ended 30 th June 2010 that you have been given indicate the subsequent (previous year figures are in brackets)
Recount the Hewlett Packard Autonomy story to date and critically discuss the view that the occurrence of the Hewlett Packard Autonomy scandal was mainly as a result of a lack of accounting harmonisation between US GAAP and International Financial..
For every control issue, prepare a Yes/No question such that a "No" answer signifies a control weakness. For example, one question might be "Are supporting documents, such as purchase orders and receiving reports, marked ‘paid' when a check is iss..
For each cost listed above, show whether it is a direct or indirect cost of the Immunization Center, whether it is indirect or direct cost of immunizing exacting patients.
Describe the role of managerial accounting in your current or former place of business. If you have not been employed by a company that uses managerial accounting.
Department public golf course to be paid from pledged fees collected from golf course users. Illustrate how much should be accounted for through debt service funds for payments of principal over the life of the bonds
The partnership distributed $1,000 to her during the year and $600 after yearend. She won $2,000 in the state lottery and spent $50 on lottery tickets. Illustraete which amounts are taxable?
What are the problems associated with dependence on human information processing and paper documentation? Explain your response. Illustrate the advantages and disadvantages of using real-time versus batch accounting information architecture?
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