• Q : Advantages of using a lifo inventory system....
    Accounting Basics :

    Explain the advantages of using a LIFO inventory system? Describe the disadvantages of using a LIFO inventory system?

  • Q : Advantages and disadvantages of vested rights....
    Accounting Basics :

    Explain the advantages and disadvantages of vested rights in comparison to accumulated rights for a company and its employees? Why is this relevant in the accounting for compensated absences?

  • Q : Asset gains and losses....
    Accounting Basics :

    What are "asset gains and losses" and "liability gains and losses," and how are they documented for post employment benefits reporting? Provide examples of each in your response.

  • Q : Types of situations result in troubled debt....
    Accounting Basics :

    What types of situations result in troubled debt? What are some of the general rules for recognizing gain or loss by both parties in a troubled debt situation?

  • Q : Accounting procedures for bonds and long-term notes....
    Accounting Basics :

    Describe the accounting procedures for both bonds and long-term notes. How are they similar? Provide an example of each.

  • Q : Horizontal-vertical and conglomerate combinations....
    Accounting Basics :

    What is meant by horizontal, vertical, and conglomerate combinations? How do you distinguish the three types?

  • Q : Risk on different financial assets....
    Accounting Basics :

    What is the risk on different financial assets and what is affecting their risk? How many different bonds and stocks exist in our financial markets?

  • Q : Favor of regional integration and another article....
    Accounting Basics :

    Write down two 350- to 500-word articles, one article in favor of regional integration and another article against regional integration. Explain the advantages and disadvantages of regional integrati

  • Q : Making a statement of cash flows....
    Accounting Basics :

    Prepare a statement of cash flows for 2013, using the indirect method.  Assume that current assets (excluding cash) and current liabilities have remained the same on December 31, 2013.  Th

  • Q : Sustainable competitive advantage....
    Accounting Basics :

    Explain the circumstances under which the firm chooses a low-cost strategy to attain sustainable competitive advantage. What about the situations when a differentiation strategy is chosen? Provide s

  • Q : Argument supporting use of flexible-budget variance....
    Accounting Basics :

    Develop an argument supporting use of flexible-budget variance analysis to control the costs of activity areas in ABC systems. Measure the differences in application of the variances in nonmanufactur

  • Q : Determining the non-controlling interest....
    Accounting Basics :

    Devin reported net income of $300,000 and $325,000 for 2010 and 2011, respectively. Pepe uses the equity method to account for its investment in Devin. Compute the non-controlling interest in the ne

  • Q : Find the contribution margin....
    Accounting Basics :

    Determine the contribution margin per haircut. Suppose that the barbers' compensation is a fixed cost. Show calculations to support your answer.

  • Q : Describe the costs of compliance....
    Accounting Basics :

    Describe the costs of compliance as compared with the costs of Workers Compensation and the hidden costs of hazards

  • Q : Moment on the lifo....
    Accounting Basics :

    Reflect for a moment on the LIFO (Last in First Out) and FIFO (First in First Out) inventory methods. If you were starting a small manufacturing company, what inventory method do you believe would

  • Q : Differences between the lifo and fifo methods....
    Accounting Basics :

    The controllers bonus is based on the next income. It is the controllers belief that the switch in inventory methods would increase the net income of the company. What are the differences between

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

    What elements of the cash flow statement do you think are most important for company management to monitor and why? Is this different for investors?

  • Q : Break-even point in dollars....
    Accounting Basics :

    The sales mix percentages for Novotna's Boston and Seattle Divisions are 70% and 30%. The contribution margin ratios are: Boston (40%) and Seattle (30%). Fixed costs are $1,110,000. What is Novotna

  • Q : Prepare a schedule of cash receipts....
    Accounting Basics :

    Prepare a schedule of cash receipts for Victoria's Apparel covering the fourth quarter (October through December).

  • Q : Difference between comparative and ratio analysis....
    Accounting Basics :

    Write down a paper of no more than 750 words in which you discuss the difference between comparative and ratio analysis. Differentiate and share the purpose and importance of each.

  • Q : Discuss the activities and learning....
    Accounting Basics :

    Write down a paper of no more than 750 words in which you discuss the activities and learning this week and share how CVP analysis might be helpful to an entrepreneur starting a new business.

  • Q : Journal entry to record the estimated uncollectibles....
    Accounting Basics :

    Prepare the journal entry to record the estimated uncollectibles. Prepare the current assets section of the balance sheet for Henley Company. Assume that in addition to the receivables it has cash o

  • Q : Journal entry to record the estimated uncollectibles....
    Accounting Basics :

    Prepare the journal entry to record the estimated uncollectibles. Prepare the current assets section of the balance sheet for Henley Company. Assume that in addition to the receivables it has cash o

  • Q : Methods of accounting....
    Accounting Basics :

    What methods of accounting are available to a small business and to a large business? If the business decides to make an accounting methods change, how is this accomplished?

  • Q : Distinguish between current and accumulated earnings....
    Accounting Basics :

    What deductions are allowed for taxable income purposes but denied for E&P? Distinguish between current and accumulated earnings and profits. Why is it important to make this distinction?

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