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Case: Toshiba Scandal (HB)
Required Questions:
Question 1. What could Toshiba have done differently after the accounting scandal was uncovered?
Question 2. Do you think such scandals in Japan would have taken place in U.S.? If yes or no, why?
Question 3. What is your opinion on Toshiba's internal audit function?
When should an Internal Service Fund be used?
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the rate of inflation for the coming year is expected to be 3 percent and the rate of inflation in year 2 and
Ron, a cash basis taxpayer, sells his business accounts receivable of $100,000 to Mike for $70,000 (70% of the actual accounts receivable). Discuss the amount and classification of Ron's bad debt deduction.
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Undertake some research into cloud-based accounting systems, and the ‘Xero' cloud-based accounting system - Prepare journal entries to account for transactions
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Gray projects taxable income of $1 million for 2010 and $1.2 million for 2011. Should Gray make the gift of the land to charity in 2010 or 2011
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What is the difference between a Standard Deduction and an Itemized deduction? When do you use one versus the other
It is the controller's belief that the switch in inventory methods would increase the net income of the company. What are the differences between the LIFO and FIFO methods?
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