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Question - Anita Johnson was preparing the adjusting entries for her business in preparation for the adjusted trial balance and financial statements. She planned to present these financial statements to her banker to obtain a line of credit. As she was looking at the salaries earned for the last three days of the month and reasoned that if she did not accrue this expense her net income would be higher and her current liabilities would be lower. She also reasoned that these salaries would be recorded next month when they were paid so it really did not matter if she did not record them in the current month.
Is Anita acting unethically? Why or Why not?
Who will be affected by her decision?
Is this a simple matter of timing or is more at stake?
Consider demand elasticity and market structure in your response. How is increasing of the price going to impact the company's revenues given its demand.
didde co. had 300000 shares of common stock issued and outstanding at december 31 2010. no common stock was issued
Hernandez Company began 2010 with a $120,000 balance in retained earnings. During the year, the following events occurred:
Wayman Company wants to prepare interim financial statements for the first quarter. The company wishes to avoid making a physical count of inventory.
Explain the key features of the Balanced Scorecard approach to performance measurement
Make all necessary entries in the capital projects fund general journal and the general activities journal at the government-wide level.
Write a short memo to the chief financial officer explaining which costing approach will produce the higher income and what the difference will be.
Who never taken loan nor credits card. How will be my credits score after joint account? whay happen if my partner had good credit before marriage?
can you help me to do this assignment as soon as posible pls? because my due date is on 2122014. ltbrgtthank
On January 1, 2014, Topaz Corp. purchased a piece of equipment with a list price of $60,000. The following amounts were related to the equipment purchase:
what is the job cost sheet is used to accumulate the three product costs direct material direct labor and factory
Classify the cash flows from each of these transactions as operating activities (OA), investing activities (IA), or financing activities (FA). Use NA for transactions that do not affect the statement of cash flows.
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