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Problem 1: Which of the following will NOT lead to a prior period adjustment:
Multiple Choice
Option 1: Correction of an error in the ending inventory from last year.
Option 2: Correction of an error in insurance expense from last year.
Option 3: Correction of an error in depreciation expense from last year.
Option 4: Correction of an error in recording a long-term asset as a current asset from last year.
Problem 2: Which of the following is not one of the approaches for reporting accounting changes?
Option 1: The prospective approach.
Option 2: All of these answer choices are approaches for reporting accounting changes.
Option 3: The modified retrospective approach.
Option 4: The retrospective approach.
Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest. How much control does the Fed have over this longer real rate?
Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.
Accounting problems, Draw a detailed timeline incorporating the dividends, calculate the exact Payback Period b) the discounted Payback Period. the IRR, the NPV, the Profitability Index.
Term Structure of Interest Rates
Write a report on Internal Controls
Prepare the bank reconciliation for company.
Create a cost-benefit analysis to evaluate the project
Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR
Distinguish between liquidity and profitability.
Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.
Simple Interest, Compound interest, discount rate, force of interest, AV, PV
CAPM and Venture Capital
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