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You have started a business that has now been going for a couple of years. Due to the increased volume in sales, you have started noticing more bad debt and want to use the allowance method for estimating bad debt. Would you use the percentage of sales method or the percentage of accounts receivable method and why?
Discuss the difference between variable costing and full costing. Why would income computed under full costing exceed income computed under variable costing if production exceeds sales?
the fasb asc paragraph 810-10-45-16 states acirceurooeligthe noncontrolling interest shall be reported in the
When making any type of business decision, one of the most difficult things to do is distinguish between relevant business .information to that decision and unimportant information. What distinguishes relevant business information from unimportant in..
How do management's responsibilities and the auditors' responsibilities differ in terms of the financial statements presented?
from the following alphabetical list of account balances all of which are normal for kasper company on july 31 2010
It is discovered in 2011 that ending inventory from 2009 is understated. What accounts will be affected by this understatement, and how will they be affected? This is a situation that really happens. Start with the 2009 inventory being understated..
In preparing consolidated financial statements, what amount of this debt should be eliminated?
kunkel company makes two products and uses a conventional costing system in which a single plantwide predetermined
explain the term accounting equation? suppose your company sold 12000 in merchandise to a customer for cash. how does
What is the net income for the current fiscal year? Is it up or down from the prior year? Why would this information be important to investors?
Explain the product and the production process. Describe how you would find out the quantity of spoiled units that are normal versus abnormal. Explain how you would determine the cost of good units, normal spoilage and abnormal spoilage.
many organizations have been in the news over the past few years due to accounting ethical breaches that have affected
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