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Question 1: Elementary tuition is be $1,000/month and class runs from September to June. A 3% discount is offered for annual prepayment, provided the student remains enrolled all year. What journal entries would you made to recognize revenue in each of these scenarios? If you need to make additional assumptions, feel free to document them. a. A customer pays $9,700 in July 2020 for the full year of tuition, and attends all year. b. Same as above, except the family has an unexpected move, and withdraws the student after December. A prorated refund is made to the family.
Financial Statement Analysis and Preparation
Describe the ways that a person can become a shareholder of a company. Why Wal-Mart would split its stock?
An understanding of financial and accounting principles can be a valuable tool for managers. While not all managers will find themselves calculating financial ratios or preparing annual financial data.
Prepare a Statement of Cash Flow using the Direct Method and Prepare the Operations section of the Statement of Cash Flow using the Indirect Method.
This assignment has one case study and two question apart from case study. Questions related to document Liquidation question and Company financial statements question - Torquay Limited
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Compare the view espoused by the economist Milton Friedman about the social responsibilities of business with the views express by Stigler.
Explain the IASB Conceptual Framework's perspective of users and their decisions.
T he focus of the report is to determine the extent to which you are comfortable relying on the financial statements as presented by management .
Computation of Free Cash Flow
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