What should she do when she want to lose mpi as client

Assignment Help Financial Accounting

Reference no: EM13128105

a) Should the inventory adjustment be made in the current financial statements?

b) Irrespective of your decision regarding the inventory adjustment, what is your reaction to Adams' suggestion to release the vacation accrual?
Should the auditor insist on keeping the accrual of the executives' vacation pay

c) Consider the conflict between Adams and Schmidt. Assuming that Schmidt believes the inventory adjustment and vacation pay accrual must be made and that she does not want to lose MPI as a client, what should she do?

Reference no: EM13128105

Questions Cloud

Absorption costing income statement problem : If 1,000 units remain unsold at the end of the month and sales total $150,000 for the month, what would be the amount of income from operations reported on the absorption costing income statement?

Finished goods inventory under absorption costing method : If Eagle had sold only 9,000 tables in its first year, what total amount of cost would have been assigned to the 1,000 tables in finished goods inventory under absorption costing method?

Calculate the number of moles of pf3 produced : 1.00 mol of phosphorus reacted with excess fluorine: P4 + 6F2 -> 4PF3 Calculate the number of moles of PF3 produced, assuming the reaction went to completion

Derivatives and equations of motion : A ball thrown vertically upward at time t=0(s) with initial velocity 80 ft/s and initial height 96ft and height function of y(t) = -16t^2 + 80t + 96. What is the max height attained by the ball?

What should she do when she want to lose mpi as client : Consider the conflict between Adams and Schmidt. Assuming that Schmidt believes the inventory adjustment and vacation pay accrual must be made and that she does not want to lose MPI as a client, what should she do?

Calculate the number of grams of propane : Calculate the number of grams of propane (C3H8) required to heat all of the water in a 50-gallon hot-water tank from 23.4 degrees C to 65.0 degrees C

Basics of balance sheet and income statement : Select either the balance sheet or income statement and explain how the use of it may be applied to your everyday life.

What impact do these differences have on income : What are some of the differences between variable and full costing? What impact do these differences have on income?

Find derivative-instant rate of change : Find the average rate of change from x=2 to x=5. Find the derivative f'(x) from first principles, by setting up the difference quotient, (f(x+h)-f(x))/(h) and finding lim h->0 (f(x+h)-f(x))/(h)

User Account

All Pages