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What is the ethical issue? What should you, the controller, do? What are the generally accepted accounting principles for reporting a lease as a capital lease?
Prepare the trial balance based on the balances derived after completing. Prepare the adjusted trial balance. Prepare the post-closing trial balance.
What is your understanding about Financial Markets? Discuss What is Primary and Secondary Market? Give at least 2 sample of Securities Market and explain.
Calculate the payback period, the NPV, and the IRR. Assets will remain in the CCA class after the end of the project.
P. D. No. 1445 and Chapter 2, Sec. 4 of GAM for NGAs provide the fundamental principles for revenue. What would be the effect of adopting such principle?
The sixth-grade class at West Side School starts a charity collection on Monday with $78 donated by Parents Organization. How much will they have after 90 days?
On 1 October 2021, Maix Ltd sold inventory for $75,000 to IKASIUAX Ltd at cost plus 25%. Prepare the journal entries for Intragroup's above transaction.
What would be the effect of adopting such principle? Illustrate your answer via a diagram/concept/mind map.
The group accountant is unsure which depreciation rate should be applied and which depreciation rate to use and complete the Journal Entries.
What are the respective present value costs of purchasing the machine or leasing it? Explain the reasoning for the differences in cost linking to fundamentals.
On 1 July 2021, XYZ Ltd acquired $20,000 worth of 5 year government bonds. What is the amortised cost of the bonds on 30 June 2022?
In 2019, the economy is good. Prepare the current value-based balance sheet at the end of 2019 and an income statement for 2019.
Can you explain how the unrecorded contingent liability of $18,000 by the subsidiary DYK Ltd affects the group's goodwill?
Which working capital policy is Hydrochem Ltd following? Provide three reasons for your answer. Calculate the EOQ if discounts are not available.
In addition, will the dividend payable by the subsidiary entity Sun Ltd impact the acquisition analysis? Explain?
A business purchased a new car at the start of October for $16,800 cash. What will the depreciation expense be at year end?
The Madisons complete their joint federal income tax return for last year's income. Their gross income last year was $44,150. What is their taxable income?
How many types of adjusting entries exist? Why are adjusting entries so important for the truthfulness of the information presented in the financial statements?
Provide details of all relevant global, reginal, and domestic factors including Environmental, Social, Corporate Governance which might affect the company.
All other factors remain the same. Has DOLLAR BILL'S financing cycle improved or declined? Quantify the change in days and in dollars.
What costs included in cost of an item of inventory? Why the income statement of a firm is described as a financial statement that contains temporary accounts.
Explain two specific ways in which the balance sheet of company differ from its income statement. What costs should be included in cost of an item of inventory?
What are the possible impacts of high inflation? Provide Australia's current annual inflation rate and whether this is above or below BA's inflation target.
After the distribution, what is Elise's basis in BH Enterprises stock? What impact will this distribution have on BH Enterprises taxable income in 2021?
Big, Inc., a C corporation owns 40% of the stock of Little, Inc. This year Big, Inc. received a $150,000. Determine Big, Inc.'s taxable income for this year.