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Q. Given the following data, what is net income? (Note: Not all items shown below will be included in income.)
Cost of Goods Sold
8
Accounts Payable
22
Taxes Payable
6
Tax Expense
Revenues
40
SG&A Expense
2
Interest Payable
14
Accumulated Depreciation
11
Depreciation Expense
Interest Expense
4
Dividends
3
explain the purpose and circumstances of using fair values in preparing consolidated financial statements
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Mr. Surya does not keep a systematic record of his transactions. He is able to give you the following information regarding his assets and liabilities. 2000 2001 Dec. 31 Dec. 3
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Significant Deficiency -Control deficiency or combination of control deficiencies, which adversely affects company's ability to authorize, initiate, process, record or report exte
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