• Q : Journal entry to record income taxes....
    Accounting Basics :

    There are no other differences between accounting income and taxable income. Make the journal entry to record income taxes in 2013 ?

  • Q : Type of non routine operating decision....
    Accounting Basics :

    Which type of non routine operating decision is involved here? What are the managers' decision options? What quantitative information is relevant to the decision?

  • Q : Challenges and lessons with ifrs adoption in nigeria....
    Accounting Basics :

    Please assist with the given issues, challenges and lessons with IFRS Adoption in Nigeria. I have provided some main points I will need to discuss.

  • Q : Compute the rate of depreciation per year....
    Accounting Basics :

    Compute the rate of depreciation per year to be applied to the plant assets under the composite method. (Round answer to 2 decimal place, e.g. 4.83%.)

  • Q : Liquidity-long-term borrowing capacity....
    Accounting Basics :

    What is a ratio? How do ratios help alleviate the problem of size differences among firms? What do liquidity, long-term borrowing capacity, and profitability ratios measure?

  • Q : Market interest rates and bond values....
    Accounting Basics :

    Problem: If the market interest rate is 5% when Mackerel Corp. issues its bonds, will the bonds be prices at par, at premium, or at a discount?

  • Q : Interim report as segment or integral part of annual report....
    Accounting Basics :

    The integral view holds the interim report as a segment or integral part of the annual report. Which school of thought do you think is correct? Why?

  • Q : Statement of ethical professional practice....
    Accounting Basics :

    Explain how the Institute of Management Accountants Statement of Ethical Professional Practice is related to moral philosophy, ethics, and character.

  • Q : Break even analysis-margin per unit....
    Accounting Basics :

    Using the variable income statement provided above, compute the following: a. Contribution margin per unit b. Contribution margin percentage. c. Breakeven in units AND in revenue. d. Compute the margi

  • Q : Implementation of an erp to disrupt operation....
    Accounting Basics :

    Problem 1- Discuss why an organization must expect the implementation of an ERP to disrupt operations. Problem 2- Scalability has several dimensions. What are they? What do they mean for ERP installat

  • Q : Calculate the depreciation....
    Accounting Basics :

    In January 20XX, JIM, purchased $350,000 of new MACRS (Modified Accelerated Cost Recovery System) 5-year property in the United States. This equipment was placed in service May 1, 20XX. JIM wants to

  • Q : Perform a risk assessment of new business....
    Accounting Basics :

    Create a 3- to 4-page report in Microsoft Word, addressing the following: Perform a risk assessment of your new business and its information processes.

  • Q : Foreign currency financial statements....
    Accounting Basics :

    Discuss SFAS 52 guidelines as to when foreign currency financial statements are to be "translated" using the current rate method and when they are to be "remeasured" using the temporal method.

  • Q : Goal of harmonization of accounting reporting....
    Accounting Basics :

    The ultimate goal of harmonization of accounting reporting is to have all companies around the world follow one set of international accounting standards.

  • Q : Components of cost of capital....
    Accounting Basics :

    Cost of capital or discount rate or the required rate of return is an annual compounded percentage rate of return, which is used to discount back each increment of expected future return to a presen

  • Q : Preferential tax treatment....
    Accounting Basics :

    Capital gains are usually considered to have preferential tax treatment. Are all capital gains treated preferentially? What about capital losses?

  • Q : Npv and irr methods of evaluating investment projects....
    Accounting Basics :

    Question 1: When can the NPV and the IRR methods of evaluating investment projects provide contradictory results? Question 2: How can this arise?

  • Q : Technical accounting terms....
    Accounting Basics :

    Listed below are eight technical accounting terms introduced or emphasized in the chapter: Accounting Terminology: Work in Process Inventory Cost of finished goods manufactured - Conversion costs Cost

  • Q : Ramifications of the budget....
    Accounting Basics :

    My door as always is open to discuss the ramifications of this budget reduction for the coming year. If you have any concerns, please see me directly.

  • Q : Cost accountant of a bicycle manufacturing operation....
    Accounting Basics :

    You are the owner and chief cost accountant of a bicycle manufacturing operation You've discovered and verified that you had incorrectly overcharged a customer in the manufacturing of their 100 bike

  • Q : Change of the budget constraint....
    Accounting Basics :

    Please label your graphs carefully and accurately. Use a different graph for each change of the budget constraint.

  • Q : What is the gross profit of the firm....
    Accounting Basics :

    XYZ held an average inventory of finished goods of Rs. 40,000 (CP) with an inventory turnover ratio of 5. If he makes gross profit of 25% on the cost of goods sold. What is the Gross profit of the f

  • Q : Difference between book and fair value....
    Accounting Basics :

    Prepare the work paper entries to eliminate the difference between book and fair value for December 31,2014; 2015 and 2016.

  • Q : Illusional optics income statements....
    Accounting Basics :

    Over the years  Illusional  Optics has invested in research and development leading to more innovative optical products namely more lightweight optical frames and sunglasses and also thinn

  • Q : Case scenario-jws lock and key....
    Accounting Basics :

    JW's Lock & Key is owned and operated by Jake Walters and is located in Odessa, TX. Jake is a locksmith and provides locksmith services and has a store that sells everything from keys to safes.

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