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A friend of yours who is not an accountant heard a story on the news about revenue recognition fraud and doesn't understand what that means.
Research the Internet to find a relevant article about revenue recognition fraud from an accounting publication or authoritative source regarding revenue recognition fraud.
In your own words, please post a response to the Discussion Board and comment on other postings. You will be graded on the quality of your postings.
Is the market price of the company s stock going up or down- is the earnings per share increasing or decreasing - Current assets consist of cash, accounts receivable, and inventory
Evaluate the amount of cash receipts for March, April and May and evaluate the amount of cash disbursements for March, April and May.
analysis of operations for each division and in total for GMPHS. Include analysis of the profitability of the three customer groups in the Heating and Air Conditioning Division.
The unrealized loss of $61,650 previously recognized as other comprehensive income and as a separate component of stockholders' equity is now determined to be other than temporary. That is, the company believes that impairment accounting is now a..
Determining these calculations, the project is accepted or rejected, and the rationale is explained for the decision.
explain the reason for any two of the seven internal control procedures and (2) provide examples of how your two selected internal control procedures will meet the goal of safeguarding assets and promoting ethical business practices.
Identify domestic production activities deduction and explain its current treatment. Then, argue whether or not it should be allowed as a deduction. You can approach this question from an economic, social, revenue, or political perspective.
Calculate the par value per share of preferred stock and determine the preferred stock dividend percentage and calculate the amount that should be shown on the balance sheet for common stock at June 30, 2013.
Explain whether you agree or disagree with the court’s decision to allow GGP’s SPEs to enter bankruptcy protection. Describe the implications of the GGP bankruptcy for the securitization markets.
Cayenne Corporation, an accrual basis taxpayer, has struggled to survive since its formation, six years ago. Calculate E&P for the year and determine Marty's tax consequences, assuming his basis is $65,000
20-Aug: Issued a $50,000 note to Harris Motors for the purchase of a $50,000 delivery truck. The note is due in 180 days and carries a 12% interest rate. 10-Sep: Purchased merchandise from Pans Enterprises in the amount of $15,000.
What was Lozier's gross profit, What was Lozier's income from operations, What was Lozier's income before income tax and What was Lozier's income from continuing operations
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