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Question - During a national emergency, a managerial accountant was called back to active duty with the US Army. An acquaintance of the accountant forged papers and assumed the identity of the accountant. He obtained a position in a small company as the only accountant. Eventually he took over from the manager the functions of approving bills for payment, preparing and signing checks, and almost all other financial duties. On one weekend, he traveled to some neighboring cities and mailed invoices made out to the company for which he worked. On Monday morning, he returned to work and began receiving, approving, and paying the invoices he had prepared. The following weekend he returned to the neighboring cities and cashed and deposited the checks in bank accounts under his own name. After continuing this practice for several months, he withdrew all of the funds and never was heard from again.
What steps could you have taken to prevent this theft? Remember that this small company had limited financial resources and limited personnel.
Ellis Transport Company acquired 1.2 million shares of stock in L&K Corporation at $44 per share.
Finland Corporation, Provide, with supporting calculations, the entry required when the dividends were declared. Preface entries with Dr. or Cr.
at the end of 1999 the total assets of dole corp were 90000 and total liabilities were 50000. the company has been in
Skip Corporation has heard about a method of measuring cost functions called the highminus-low method
Assuming the company has no alternative use for the facilities now being used to produce the motors, should the outside supplier's offer be accepted
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Calculate the gain arising that will be recognized in income statement assuming that A's 20% shareholding did NOT allow it to exercise significant influence.
During March, April, May and June of 2012 Taint Incorporated received $62,150. Prepare the necessary journal entry(s) to account for the transaction.
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Calculate the depreciation expense on the manufacturing machine for year 4 for each method listed
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