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1 discuss and illustrate how a correction of an error in previously issued financial statements should be
1 simms corp controlled four domestic subsidiaries and one foreign subsidiary prior to the current year simms corp had
1 how should consolidated financial statements be reported this year when statements of individual companies were
1 discuss how a change to the lifo method of inventory valuation is handled when it is impracticable to determine
1 parsons inc wishes to change from the completed-contract to the percentage-of-completion method for financial
1 whittier construction co had followed the practice of expensing all materials assigned to a construction job without
indicate how the following items are recorded in the accounting records in the current year of coronet coa impairment
1 lenexa state bank has followed the practice of capitalizing certain marketing costs and amortizing these costs over
1 define a change in estimate and provide an illustration when is a change in accounting estimate effected by a change
1 what is the indirect effect of a change in accounting principle briefly describe the reporting of the indirect
identify and describe the approach the fasb requires for reporting changes in accounting
state how each of the following items is reflected in the financial statementsa change from fifo to lifo method for
1 in recent years the wall street journal has indicated that many companies have changed their accounting principles
1 cost of land vs building-ethics tones company purchased a warehouse in a downtown district where land values are
costs of acquisition the invoice price of a machine is 50000 various other costs relating to the acquisition and
1 nonmonetary exchanges you has two clients that are considering trading machinery with each other although the
1 capitalization of interest vania magazine company started construction of a warehouse building for its own use at an
1 capitalization of interest langer airline is converting from piston-type planes to jets delivery time for the jets is
1 accounting for self-constructed assets troopers medical labs inc began operations 5 years ago producing stetrics a
1 acquisition improvements and sale of realty tonkawa company purchased land for use as its corporate headquarters a
purchases by deferred payment lump-sum and nonmonetary exchanges klamath company a manufacturer of ballet shoes is
1 nonmonetary exchanges during the current year marshall construction trades an old crane that has a book value of
1 nonmonetary exchanges on august 1 hyde inc exchanged productive assets with wiggins inc hydes asset are referred to
nonmonetary exchanges holyfield corporation wishes to exchange a machine used in its operations holyfield has received
capitalization of interest laserwords inc is a book distributor that had been operating in its original facility since