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Question - A financial obligation requires the payment of 1000 in 2 months, $3000 in 8 months, and $4000 in 14 months. Instead, if a payment of $2000 is made now, when should a second payment of $6000 be made if interest is 9% compounded monthly?
What monetary and fiscal policies might be prescribed for an economy in a deep recession? If you believe the U.S. dollar is about to depreciate more dramatically than do other investors, what will be your stance on investments in U.S. auto producers?
What was the nature of the fraud? Who were the key players? How does the event fit the Fraud Triangle? What was the end result? Develop your follow-up posts on each situation, consider the accounting trail.
A deferral is the delay in recording an expense already paid, such as prepaid insurance. Wages payable is considered an accrued expense or accrued liability.
Analyze the sanctions available under SOX and recommend the key action(s) that the PCAOB should take in order to hold management or the audit firm
If Global Grocer bought International's assets listed on the previous screen (fair value $711,400), how much would Global Grocer record as goodwill
Write the journal entry that should be recorded to correct the prepaid rent account. Assume the tax rate is 31%
franz began business at the start of this year and had the following costs variable manufacturing cost per unit 9 fixed
Explain how MoviesPlus would account for its revenue if it did follow GAAP. Explain to Bob Colbert why he should use GAAP, and describe why his financial statements may now be misleading. Do you see this as an ethical issue? Explain.
Access and refer to the December 31, 2011, annual report for KTM at www.KTM.com.
Under the FASB-explain the disclosure requirements for share based compensation. This post should include an example of how the standard should be applied.
1. Dividends may be declared and paid in cash or stock. 2. Cash dividends are not a liability of the corporation until they are declared by the board of directors.
Renee and Sanjeev, who are married, report taxable income of $273,000. Compute their tentative minimum tax
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