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Questions -
Q1. Moody's Investors Service maintains a Web site at www.Moodys.com. One of the services offered at this site is a listing of announcements of recent bond rating changes. Visit this Web site and review some of the announcements. Familiarize yourself with several of the reasons given for rating downgrades and upgrades. REQUIRED: If you were a bond investor or bond issuer, would you care if Moody's changed the rating on your bonds? Why or why not?
Q2. Fair Value Accounting. Using your knowledge from chapter 13 and at least one Internet resource (other than Wikipedia) research fair value accounting.
REQUIRED: What is the evidence of the trend toward fair value accounting? What are some potential disadvantages of fair value accounting? Please be sure to include your reference in your post.
riggins inc. manufactures one product called tybos. the company uses a standard cost system and sells each tybo for 8.
Assume that the charitable contributions are $41,000 of which $38,000 are associated with the unrelated trade or business. Calculate the UBTI
bard manufacturing uses a job order cost accounting system. during one month bard purchased 198000 of raw materials on
A total cash dividend of $90,000 was declared and payable to stockholders of record. Record dividends payable on common and preferred stock in separate accounts.
Obtain at least two years of financial information pertaining to General Motors company from its most recent annual report (10-K).
lemke company sponsors a defined benefit pension plan for its employees. the following data relate to the operation of
For each source document, discuss the business process that the source document is used in and the role the document plays in that process
Distinguish between direct labor and indirect labor. Explain why some nonproductive labor (e.g., coffee breaks, personal time) is treated asdirect labor while other nonproductive labor (e.g., downtime, training) is treated asindirect labor.
the following data is available regarding costs and
In Recent year, Avery Transportation purchased three used buses. Required - For Bus#3, calculate depreciation expense per mile under units-of-activity method
Following information relates to Acco Co. Beginning cash balance on July 1: $50,000. Prepare a budgeted income statement for the month of July
sun inc assigns 2000000 of its accounts receivables as collateral for a 1 million 8 loan with a bank. sun inc. also
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