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Accounting
Within the Discussion Board area, write 300-400 words that respond to the following questions with your thoughts, ideas, and comments. This will be the foundation for future discussions by your classmates. Be substantive and clear, and use examples to reinforce your ideas.
Accounting for merchandise inventory is done using different methods. Write a report discussing three different methods (3 inventory costing methods (specific identification, FIFO, LIFO, and/or weighted average). In the report, identify 2 reasons why a business would choose that particular method.
nebraska mining company mines an iron ore called alpha. during the month of december 400000 tons of alpha were mined
Find related articles on the Internet and discuss the differences between straight and convertible bonds as well as the differences between stock options and warrants. Provide the links for your classmates.
ddf corporation sold land it had used for parking and storage for 20 years for 575000. its basis in the land was 68000.
montana matts golf inc was formed on july 1 2009 when matt magilke purchased the old master golf comany. old mast
Tatum Refrigeration Company trades in an old machine on a new model when the fair market value of the old machine is greater than its book value.
For each of the following, journalize the necessary adjusting entry:
Megan made two announcements concerning its common stock today. First, the company announced that its next annual dividend has been set at $2.16 a share.
It is illegal for a government to spend money for any purpose unless a valid appropriation for that purpose exists. Does this legal rule assure good financial management for each government? Why or why not?
Purchases of supplies during May amount to $1,100. Supplies on hand at May 31amount to $920. Prepare the necessary adjusting entry on Somerville's books on May 31. What will be the effect on net income for May if this entry is not recorded?
Dividends declared and paid during Feb were $12,000. Calculate the retained earnings balance at Feb. 28. 2010.
a. Estimate the average price/book value ratio for these comparable firms. Would you use this average P/BV ratio to price the IPO? b. What subjective adjustments would you make to the price/book value ratio for this firm and why?
Your grandmother has promised to give you $5,000 when you graduate from college. She is expecting you to graduate two years from now. What happens to the present value of this gift if you delay your graduation by one year and graduate three years ..
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