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1. What is the justification for the following deviations from recognizing revenue at the time of sale?
(a) Installment sales method of recognizing revenue.
(b) Recognition of revenue at completion of production for certain agricultural products.
(c) The percentage-of-completion basis in long-term construction contracts.
How can IT departments assist corporate managers in fulfilling their corporate governance roles?
discuss how non-compliance with the goodwill impairment regime guthrie and pang 2013 p. 219 prescribed by aasb 136
parc a large profitable firm has an opportunity to expand one of its production facilities at a cost of 375000. the
describe the accounting procedures for both bonds and long-term notes. how are they similar? provide an example of
using the tables above if an investment is made now for 20000 that will generate a cash inflow of 7000 a year for the
you are a hometown accountant. the capitalproject fund has just been created to account for resourcesreceived and
the balance sheet of tech track reports total assets of 400000 and 500000 at the beginning and end of the year
From a review of the stockholders' equity section, as chief accountant, write a memo to the president of the company answering the following questions.
Why are some fixed assets susceptible to theft?
In 2010, Clair, a calendar-year taxpayer, purchased business equipment (7-year property) for $700,000. The property was placed in service during 2010 (and is being used exclusively in Clair's extremely profitable business).
A company purchased an aircraft for $400,000 and leased it for 20 years. If the company wants to earn an annual return of 10% what will be the annual rental.
Prepare the general journal entries that should be made at December 31, 2015, to record these events. (Ignore tax effects.)
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