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Question - After the corporate scandals of the early 2000s, Congress passed legislation that it hoped would renew faith in the accounting profession. Study the laws that were passed and examine the effects of those laws. Why were they passed? How has the accounting profession changed as a result of the laws? What conclusions can you draw from your findings? What recommendations can you make to accounting educators regarding programs that train accountants?
Assume a firm's production process requires an average of 75 days to go from raw materials to finished goods sold. If the accounts receivable cycle is 90 days and the accounts payable cycle is 80 days
the industry average is about 75 days. the firm has also experienced an increase in its business in the last 2 years
Net income for the year ended December 31, 2004 was $775,000. What should be Reese's 2004 earnings per common share
On October 14, a $0.60-per-share dividend was received on the Monroe Company stock. Prepare the journal entries for the original purchase
On October 12, it reissued the remaining 600 shares at $19 per share. Prepare the journal entry to record the reissuance of the shares on October 12
carolina catsup company produces catsup which it sells exclusively to fast-food restaurants in 5-gallon containers
derby company prepares monthly cash budgets. relevant data from operating budgets for 2014 are january february sales
should be on 2012 forms and done in pencil. it should include a schedule that shows the fiduciary income calculation
How will the donation affect the museum's break-even attendance level? Do you agree with the president and/or the financial manager? Why
Given a tax rate of 35% and a first-year accelerated depreciation factor of 0.333, by how much will the company's deferred tax liability increase
Based on Riccio et al. (1986). The borough of Staten Island has two sanitation districts. In district 1, street litter piles up at an average rate of 2000 tons per week, and in district 2, it piles up at an average rate of 1000 tons per week.
A machine cost $80,000, has annual depreciation expense of $16,000, and has accumulated depreciation of 40,000 on December 31. On April 1,2011 when the machine was fair value of 32,000, it is exchanged for a similar machine with a fair value of 96..
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