• Q : Ethical implications of symington actions....
    Accounting Basics :

    How do you feel Symington should have recorded these transactions? Why? What are the ethical implications of Symington's actions?

  • Q : Calculate the mexican peso cost of the dollar loan....
    Accounting Basics :

    At the end of the one year when the loan was repaid, the exchange rate was USD/MXP 5.80. Based on the above information, calculate the Mexican Peso cost of the dollar loan in percentages.

  • Q : Periodic inventory system....
    Accounting Basics :

    Purchased inventory from Orion Company on account for $54,700. Darby records purchases gross and uses a periodic inventory system.

  • Q : Impact on international accounting....
    Accounting Basics :

    With these thoughts in mind write an analysis of factors that have the greatest and least impact on international accounting.

  • Q : Measures for performance evaluations....
    Accounting Basics :

    This module, we'll emphasize transfer pricing issues and measures for performance evaluations. Comment on the importance of these issues, how they are related and why they are very important in the

  • Q : Tax treatment of travel expenses....
    Accounting Basics :

    Problem: What is the tax treatment of travel expenses for the purpose of data collection paid by a tenured full professor?

  • Q : Claim of the distribution as income....
    Accounting Basics :

    Problem: What IRC is used to support the claim of the distribution as income based on the following facts and for the tax research memo?

  • Q : Secondary mortgage market....
    Accounting Basics :

    Problem: What is meant by the term "secondary mortgage market"? How does it work? Explain in detail.

  • Q : Prepare a schedule of cash receipts for the first quarter....
    Accounting Basics :

    1. Prepare a schedule of cash receipts for the first quarter. 2. Prepare a schedule of inventory purchases for the first quarter.

  • Q : Prepare a personal budget....
    Accounting Basics :

    My class instructor said it is one thing to prepare a personal budget and it is another thing to stick to it. Financial planners have suggested various mechanisms to provide support for enforcing pe

  • Q : Mix of long-term and short-term....
    Accounting Basics :

    What are the main factors that should be taken into consideration when deciding on the mix of long-term and short-term borrowing necessary to finance the expansion?

  • Q : Job of controlling expenses....
    Accounting Basics :

    (1) What was the primary cause(s) of the loss in net income? (2) Did management do a good, average, or poor job of controlling expenses?

  • Q : Interrelationship of the cash flow statement....
    Accounting Basics :

    Discuss the interrelationship of the cash flow statement to the other financial statements. In your discussion comment and explain operating activities, investing activities, and financing activitie

  • Q : Statements of revenues and expenses....
    Accounting Basics :

    Table: contains simplified forms of the 2005 and 2006 income statements (also called statements of operation or statements of revenues and expenses) for bayside memorial hospital, a 450-bed, not for

  • Q : Prepare a bank reconciliation....
    Accounting Basics :

    A check received from a customer on account for $970.00, which was deposited during the month and was returned by the bank due to insufficient funds. The bookkeeper was not aware of this until now t

  • Q : Accounting-financial statement ratio analysis....
    Accounting Basics :

    As a result I am challenging myself by looking for the most difficult financial statements for big companies and analyse them in terms of the following and compare with similar companies in the same

  • Q : Method of accounting for uncollectible receivables....
    Accounting Basics :

    1.) Journalize the following transaction using the direct write-off method of accounting for uncollectible receivables.

  • Q : Analysis of vales trade accounts....
    Accounting Basics :

    On December 31, 2011, Vale Company had an unadjusted credit balance of $1,000 in its Allowance for uncollectible accounts. An analysis of Vale's trade accounts receivable at that date revealed the f

  • Q : Gross accounts receivable and allowance....
    Accounting Basics :

    Reconstruct all journal entries pertaining to Gross accounts receivable and Allowance for doubtful accounts for the fiscal year ended October 31, 2011. Assume that all revenues are from credit sales

  • Q : Dangerous morality of managing earnings....
    Accounting Basics :

    After reading case , "The Dangerous Morality of Managing Earnings" I need help addressing the following elements: Problem 1: Discussion of the five generalizations from the findings in this study rela

  • Q : Percentage of completion method....
    Accounting Basics :

    (a) Prepare Chicago contractors 2013 journal entries using percentage of completion method. (b) Show how the contract accounts will appear in the Balance Sheet of Chicago Contractors on 12/31/2013.

  • Q : Underapplied or overapplied overhead for the year....
    Accounting Basics :

    Question 1) Determine the underapplied or overapplied overhead for the year. Question 2) Prepare an Income statement for the year.

  • Q : National differences in political economy....
    Accounting Basics :

    Discuss the national differences in political economy between these three countries. Discuss any cultural barriers your firm may experience in each of the three countries.

  • Q : Conventional amortized cost accounting....
    Accounting Basics :

    Supposethat Mason uses conventional amortized cost accounting for the loan. The loan principal is due in five years. Ignore interest on the loan to simplify the problem.  What will be the loan'

  • Q : Requirement of consolidated financial statements....
    Accounting Basics :

    The requirement of consolidated financial statements for parent and subsidiary companies has become a controversial issue in the field of international accounting.

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