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Question - Research a company that has been in the news for unethical practices, such as Enron, Global Crossing, or WorldCom. Post a 250-300 word response that summarizes your ideas about the following
1) What was the nature of the controversy regarding this company's practices?
2) How were accounting practices involved?
3) If you had been an accountant for this company, how would you have acted? Explain why.
4) What might have been done to prevent the controversy?
5) What was the affect of unethical behavior on the profitability of the company?
Assuming a beginning inventory of raw materials of $8,000 and an ending inventory of raw materials of $6,000, direct labour must have totaled.
• How well or poorly does your evidence reflect the facts about family diversity that you have learned in the course? Can your evidence be taken as an accurate depiction of the phenomena it portrays? Making reference to course material, explain wh..
Prepare a balance sheet. Hint: Not all of the items listed should appear on a balance sheet. For each non-balance-sheet item, indicate where it should appear.
len is entitled to receive monthly payments of 1,500 over his life from his employer's qualifield pension plan the payments begin january 1, 2011 he contributed 71,500 to the plan prior to his retirement at age 62. using the simplified method, how..
Debt equity ratio of 0.70, building a new $45 million manufacturing facility. cash flow of $6.2 million in perpetuity. the flotation costs of the new common stock would be 8% of the amount raised, The required return on the company's new equity is..
Although only certain leases are currently accounted for as a sale or purchase, there is theoretic justification for considering all leases to be sales or purchases. The principal reason that supports this idea is that:
per-share earnings and dividends. suppose the firm in problem 3 had 40000 shares of common stock outstanding. what is
carolina mills purchased 270000 in supplies this year. the supplies account increased by 10000 during the year to an
users of financial statements rely on the information available to them to decide whether to invest in a company or
Assume Swiss bank entered into a 180-day forward contract with Citicorp to buy $100,000. How many francs will Swiss bank deliver in six months to get US dollar.
Home Station is a national home improvement chain with more than 100 stores throughout the country. The manager of each store receives a salary plus a bonus.
What is the amount of interest the McAuliffe corp will record on July 2 2015, the first semiannual interest payment date
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