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Assume that a highly placed employee has stolen company assets and is now planning to conceal the fraud by failing to make an accounting entry for a large transaction. Would the omission probably be a transaction creating an asset or a liability? Explain.
Prepare a Supporting Schedule of Costs of Goods Manufacturing for the year ended 31 st December, 2009. Prepare an Income Statement for the year ended 31 st December, 2009.
Determine the inventory balance at December 31, 2004 and evaluate the inventory balance at Decmber 31, 2004, without the reduction for LIFO reserve?
Compute the consolidation worksheet entries to recognize the effects of the intra-entity bonds
Determine the net present value of the project
Those nonmembers are not required to comply with the Code. If a CPA chooses not to join the AICPA, illustrate what ethical guidelines are they to follow?"
Calculate taxable income and prepare the journal entry for current tax payable (the tax rate is 30%) as at 30th June 2014.
Explain how has the Sarbanes-Oxley Bill influenced reporting by governmental agencies and not-for-profit organizations? Does the Public Company Accounting Oversight Board have authority to establish auditing standards for not-for-profits?
Journal entries for issued shares at par-value
Calculation of net income for the period and EPS and What number of shares should be used in computing diluted earnings per share for the year ended dec. 31,2006?
Evaluate what is the most Nellie should pay for the bond - Nellie is determining a potential bond purchase that seller purchased 12 years ago for $4,000. The bond matures 8 years from today.
Prepare all journal entries necessary through June to record the above transactions and events. and what would the effect on earnings have been if the forecasted purchase were not hedged?
A bank finds that its assets are not matched with its liabilities. It is taking floating-rate deposits and making fixed-rate loans. Explain how can swaps be used to offset the risk?
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