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Your friend has decided that par value is a meaningless notion and complicates accounting practices without adding value o he financial statement. How do you respond?
1. at the beginning of the year manufacturing overhead for the year was estimated to be 266200. at the end of the year
How much interest income will he report this year if he elects to amortize the bond premium and how much interest will he report this year if he does not elect to amortize the bond premium?
a company entered into a franchise agreement to operate a franchised location beginning on january 1 2014. the terms of
What amount of the refund, if any, should Grace include in her gross income if last year her total itemized deductions exceeded the standard deduction by $350?
Briefly define and explain the purpose of the balance sheet, income statement and statement of changes in equity. In your answer you should include the linkages between each.
kid adventures company projected current year sales of 3600 swing sets at a unit sale price of 225.00. actual current
reagan corporation computed income from continuing operations before income taxes of 4500000 for 2013. the following
Summarize your ideas about internal controls. An introduction to internal controls, explaining in your own words the two primary goals of internal control. A description of how the Sarbanes-Oxley Act of 2002 has affected internal controls
selected balances from a companys financial statements are shown below. calculate the followinga accounts receivable
dividends on common and cumulative preferred stock l.o. c2 wades outstanding stock consists of 46000 shares of
Distinguish between ‘Direct' and ‘Indirect' labor cost and what do you understand by ‘labor turnover'? What are the causes for the same? How will you prevent labor turnover in your organization?
No further collections could be made on an account with a balance of $18,000. It was estimated that the repossessed furniture could be sold as is for $5,400, or for $6,300 if $300 were spent reconditioning it. The gross profit rate on the original..
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