• Q : What are all the possible filing statuses....
    Accounting Basics :

    Problem: What are all the possible filing statuses? What characteristics distinguish each of the filing statuses?

  • Q : Compute earnings per share for particular year....
    Accounting Basics :

    a. Compute earnings per share for the year 2006. b. Compute earnings per share for the year 2007.

  • Q : Total earnings-total deductions and cash paid....
    Accounting Basics :

    State unemployment: 5.4% on maximum earnings of $7,000; on employer. Federal unemployment: 0.8% on maximum earnings of 47,000; on employer A. Determine 1.) total earnings 2.) total deductions, and 3.)

  • Q : Case scenario of ramwood candy....
    Accounting Basics :

    Ramwood Company is a large distributor in the candy business with offices in Miami, Florida. The company accepts only very large orders form wholesalers, and the controller has a strict policy that

  • Q : Record a loss on impairment....
    Accounting Basics :

    The following information is available for Barkley Company's patents: Cost $1,720,000 Carrying amount 860,000 Expected future net cash flows 800,000 Fair value 640,000 Barkley would record a loss on i

  • Q : Calculate the overhead cost per roll to manufacture....
    Accounting Basics :

    Calculate the overhead cost per roll to manufacture the vinyl striping and the metallic striping using the traditional method.

  • Q : Traditional cost systems for bimini products....
    Accounting Basics :

    Managers often make decisions about keeping or dropping a product after evaluating the probability of each product in the product line. Bimini Products Inc., recently completed an activity-based cos

  • Q : Determine the total overhead cost charged....
    Accounting Basics :

    Determine the total overhead cost charged to each product for the quarter. In addition, calculate the overhead cost per unit.

  • Q : Contingencies in accordance with gaap....
    Accounting Basics :

    You are the independent auditor engaged to audit Christine Agazzi Corporation's 12/31/07, financial statements. Christine Agazzi manufactures household appliances. During the course of your audit, y

  • Q : Difference between debt and equity....
    Accounting Basics :

    Problem 1. What is the difference between debt and equity? Problem 2. What is the difference between common and preferred stock?

  • Q : What if the distribution date changes....
    Accounting Basics :

    Accumulated E&P is $15,000 Deficit in current E&P $(20,000) What if the distribution date changes to 6/30?

  • Q : Government and not-for-profit organizations....
    Accounting Basics :

    What are some examples of government/not-for-profit organizations? How do proprietary businesses measure success following the FASB accounting guidelines?

  • Q : What is fund accounting....
    Accounting Basics :

    What is fund accounting? How does it compare to proprietary accounting? Why is it necessary? What are the major fund types? Use the following website, www.charitynavigator.org, find a charities fina

  • Q : Amount of sales taxes payable....
    Accounting Basics :

    The amount recorded in the Sales account during May was $147,000. The amount of sales taxes payable (to the nearest dollar) to the state for the month of May is:

  • Q : Discuss contingent gains and contingent losses....
    Accounting Basics :

    Define and discuss Contingent gains and Contingent losses and why do we record one and not the other? What principle is involved?

  • Q : Calculations for depreciation expense....
    Accounting Basics :

    Develop a report for Sam and George recommending a course of action regarding the van. In this report, show the calculations for depreciation expense for the existing van (how depreciation is curren

  • Q : Accounting regulatory bodies paper....
    Accounting Basics :

    Prepare a 300 to 750-word paper, in which you examine at least four accounting regulatory bodies, and discuss how an organization complies with the standards of the regulatory bodies you selected. B

  • Q : Sales price and contract price in transaction....
    Accounting Basics :

    Scott had an adjusted basis of $22,000 in the building. What are the sales price and contract price in this transaction?

  • Q : Discretionary fiscal policy....
    Accounting Basics :

    Concerns over the recognition, administrative, and operational lags as well as the concern that discretionary fiscal policy is subject to political biases have caused some economists to believe Cong

  • Q : Sample taxation problems....
    Accounting Basics :

    Which of the following is most likely true about an Unincorporated Association that was a 501(c)(3)?

  • Q : Economic order quantity analysis....
    Accounting Basics :

    lan Gentry is the owner of a small company that produces electric scissors used to cut fabric. The  annual demand is for 8,000 scissors, and Ian produces the scissors in batches.

  • Q : Lp production mix situation....
    Accounting Basics :

    Formulate and solve this LP production mix situation to find the best combination of air conditioners and fans that yields the highest profit. Use the corner point graphical approach. 

  • Q : Calculate check digits using modulus....
    Accounting Basics :

    There are numerous check-digit procedures. The following illustration is one version of a technique known as Modulus 11:

  • Q : Equipment distributorship servicing a five-state area....
    Accounting Basics :

    The Poster Company is a beauty and barber supplies and equipment distributorship servicing a five-state area. Management generally has been pleased with the overall operations of the company to date

  • Q : Develop a formal system for determining amount of food....
    Accounting Basics :

    Charles Hill, the general manager of food distribution, has noted that the company should develop a formal system for determining the amount of food to be delivered to each store. In addition, he ha

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