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Adani Inc. sells goods to Geo Company for $11,000 on January 2, 2012, with payment due in 12 months. The fair value of the goods at the date of sale is $10,000. Prepare the journal entry to record t
What is the revenue recognition principle? What is the current environment regarding revenue recognition? Research a current company's financial statement that the SEC has present or past investigat
additional materials costing an average of $4.00 per unit and fixed costs would increase by $1,500. If the company estimates that it can sell 600 units for $25 each month, would they make additional
Net income for the year ended December 31,2011, was $6,000. Assuming an income tax rate of 50 percent what would be the company's diluted earnings per share for the year ended December 31, 2011?
Beekman Office Supply case, which are presented in the attached script. Will Gail be in danger of a violation of the Code of Professional Responsibility if she agrees to proceed as directed by the e
From the perspective of the Computer Desk Division and the company, should the order be accepted if the Executive Division plans on selling the desks in the outside market for $420 after incurring a
Calculate Boxer Company's EPS for a simple capital structure for the both years to be presented in comparative financial statements. Since these are to be comparative statements the stock dividend d
Under what theory might the court in this case make an exception to the limited liability of shareholders and hold Sharp personally liable for the damages? What factors would be relevant to the cour
Assume that the occupancy rate increases to 60% during November. What total operating costs would you expect the company to incur during November?
On March 1, NUNEZ Corporation plans to borrow $350,000 from the Old Brunswick State Bank by signing a 12%, 15-year note payable. The note calls for 180 monthly payments of $4,000, which includes bo
Kelly issues $315,000 of 4%, 15 year bonds dated january 1, 2009, that pay interest semiannually on june 30 and december 31. They are issued at 253,263, and their market rate is 6% at the issue date
Charlie makes the following gifts in the current year: $40,000 to his spouse, $30,000 to his church, $18,000 to his nephew, and $25,000 to a friend. Assuming Charlie does not elect gift splitting wi
Identify and discuss an advantage using for IT systems in the materials conversion process. Please make sure that you address the conversion process by focusing on an activity / process within the c
Explore the assumptions and conclusions on tax policy the author makes in this article. Write a two-page summary of your views backed up with what you understand on economic logic and current tax poli
Which of these is least likely to be an example of cloud computing service?
Calculate the tax consequences on Thrush and on Kirby and Melinda's family of hiring the children.
Required: Determine the amount, if any, of the impairment loss that El Dorado must recognize on these assets.
Morgan's policy is to amortize intangible assets using the straight-line method, no residual value, and a six-year useful life.
The IRS may pay awards to people who provide specific and credible information to the IRS if the information results in the collection of taxes, penalties, interest, or other amounts from a non-comp
Since high-income taxpayers often seek tax shelters to reduce their income tax liability by finding loopholes in the tax code, explain what actions the IRS should take to ensure that wealthy taxpaye
Name two areas where most professionals in the field of psychology work. What percentage of practicing psychologists specializes in clinical or counseling psychology? What does this data tell you ab
How would you advise a company like IBM or Cisco to configure and coordinate its value chain? Would you give the same advice to a company like Tata or Safaricom?
What is the forecast for the current month using a 3-month weighted moving average technique weighting the most recent month's value by 4, the value for the previous month by 3, and the month before
The regular rise in health expenditures has been attributed, in some part to the development as well as utilization of new technologies.
What is the forecast for the Period 7 using a 3-period weighted moving average technique (use a weight of 3 for last period's value, a weight of 2 for the period before.