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Explain two advantages and two disadvantages in using both the cash and the accrual basis of accounting.
Do you think current Financial Statement Disclosure requirements are sufficient?
Select two of the following types of companies and explain whether each would use job order or process costing.
Do you agree or disagree with the analysis of the ABC drawbacks expressed in the article?
Compute the total price paid for the bonds by ABC Corporation showing your calculation for the present value of the principal and the present value .
Slade depreciated the machine with the straight-line depreciation method over a useful life of 10 years, using a residual value of $4,000.
Brandon Oil Company recently purchased oil and natural gas reserves in a remote part of Alaska for $800,000. Brandon spent $10,000,000 preparing the oil.
Determine whether stock prices are affected more by long-term or short-term performance.
You have just won the Strayer Lottery jackpot of $11,000,000. You will be paid in 26 equal annual installments beginning immediately.
What level of sales (value) and units must the company achieve to make an annual profit on laptops of SAR 40,000 .
What are the differences in the cash flow concepts and procedures between the direct and indirect methods?
The company's CEO has stated if the company increases the amount of long term debt so the capital structure will be 60% debt and 40% equity.
Evaluate the issues related to the audit of Satyam Computer Services Limited, indicating whether or not PWC followed auditing standards in rendering its audit
How to Depreciate Property to calculate the correct depreciation amount.
Speculate on which statement of generally acceptable auditing standards that the company violated in performing the audit.
Find an article from a trusted media source published within the last six months illustrating an ethical issue regarding corporate governance or accounting
A business machine valued at $800 was contributed to a charitable organization during the year. The machine cost $1,000 but was depreciated down to $600.
Specifically, make the comparison of sub-prime mortgage investments by JPmorgan Chase versus other large banks (eg Citigroup).
Explain the changes to Revenue Recognition as it would apply to a specific industry that interests you where the impact is significant.
Calculate the current ratio, quick ratio, cash to current liabilities ratio, over a two-year period. Discuss and interpret the ratios that you calculated.
If the company uses the straight-line method of depreciation, what is the book value at December 31, 2014 .
If the company uses the units-of-production method, what is the depreciation rate per hour for the equipment?
Equipment with an estimated residual value at acquisition of $15,000 was sold on December 31, 2013, for $20,000 cash.
At least three significant/relevant New Zealand tax cases to support your opinion.
Prepare any adjusting journal entry that is required at the end of the fiscal year and the first payment made on June 1, 2018, assuming no reversing entries.