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Problem 1: Which of the following sets of equations are accurate versions of the basic accounting (Assists=Liabilities=Owners Equity or. A=L+OE.)
a) OE=L-A, L=A-OE, 0=A-OE.b) OE=A-L,L?L=A-OE,A-L-OE=0c) A=OE+L,L=A-LOE. d) A=OE+L,L=OE-A,A-L-OE=0
Problem 2: which of the following transactions would cause total assets to increase by $10 000?
a) paying a $10,000 liabilityb) collecting a $10,000 account receivable B) purchasing $10,000 worth of office furniture on account. d) Producing an automobile for $10,000 cash.
The Make a Way Foundation has run into a financial crisis. Halfway into their fiscal year, the financier has realized that the company has not put enough money aside to cover all of their costs for the children's summer expense project.
The need to restate corporate financial statements, Give an analysis of the factors that forced the company to publish a financial statement restatement.
What the net carrying value of accounts receivable before the bad debt expense is recognized is? Sales returns (on credit sales) 35,000.
What is the relevant cost to ZK of using the materials in inventory on this job? Currently, skilled labour has spare capacity amounting to 75 labour.
Determining the current and future needs and preferences, attitudes, and behavior of the market. Assessing changes in the business environment that may affect the size and nature of the market in future.
What the company must have financial statements your analysis is related to the importance of financial statements in a company?
On January 2, 2018, All Good Company purchased 7,000 shares of the stock of Big Bad Company, and DID obtain significant influence.
Describe the features of organisational policies and procedures that relate to processing financial transactions. include procedures for preparing invoices
You are currently holding 100 shares of Apple stock, which you purchased at $135. What is the total premium you receive by selling this call
What minimum reduction in the time to collect and process each check is needed to justify use of the lock-box system? (Do not round intermediate calculation)
What amount of impairment should be allocated to the equipment? Factor Company's cash generating unit has been assessed for impairment.
There are many accounting concepts that are applied in accounting for business. Search for five (5) of those concepts. Explain each concept with example given.
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