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Which financial statement is sometimes called the statement of financial position?
Identify the number of listings for accounting positions and the various accounting job titles.
An LLC may be taxed in different ways depending on the election made on the Form 8832 Entity Classification Election.
Assume the role and describe a situation in which ethical considerations play an important part in guiding your decisions and actions.
Bailey and Kay own Squeaky Clean, a cleaning service. Both are personally liable for the debts of the business.
Develop a list of telephone numbers and/or e-mail addresses of your teammates.
Does debit always mean increase and credit always mean decrease?
What types of transactions increase equity? What types decrease equity?
Identify at least five types of managers who are internal users of accounting information.
How are U.S. companies affected by international accounting standards?
Explain the link between the income statement and the statement of owner's equity.
Technology is increasingly used to process accounting data. Why then must we study and understand accounting?
There are many job opportunities for those with accounting knowledge. Identify at least three main areas of opportunities for accounting professionals.
If $51,000 cash is paid to buy land, the land is reported on the buyer's balance sheet at $51,000.
Find one article that discusses intellectual property; elaborate on how the article relates to the Burger King case to support your answer.
Write a brief report (approximately one paragraph in length) of how someone might hack into your systems and commit fraud with the accruals.
What are the major advantages of the indirect method of reporting cash flows from operating activities?
What is the effect on cash flows of declaring and issuing a stock dividend?
A corporation issued $5,000,000 of 20-year bonds for cash at 105. How would the transaction be reported on the statement of cash flows?
What is the principal disadvantage of the direct method of reporting cash flows from operating activities?
On its income statement for a recent year, Time Warner reported a net loss of $4.9 billion from operations.
Paid dividends of $1.50 per share. There were 30,000 shares issued and 5,000 shares of treasury stock.
Why is it said that the earnings of a corporation are subject to double taxation? Discuss.
If common stock of $100 par is sold for $130, what is the $30 difference between the issue price and par called?
On the basis of the limited information presented, would you conclude that operations had improved or declined?