Howt to corporate charter authorized
ABC Inc was incorporated 1/15/12 their corporate charter authorized the following capital stock preferred stock 7% par value $100 per share 100,000 shares. common stock $1 par values, 500,000 shares.
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Traditional volume-based methods are easier to use and less costly to implement and maintain.Traditional volume-based methods are more accurate and allowed by GAA
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What lump sum settlement, if paid today, would have the same present value as the $7,500 annual annuity? Assume a 10 percent discount rate.
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BagODonuts company bought a used delivery truck on Jan 1, 2010 for 19,200. the fan was expecetd to remain in service 4 years (30,000 miles) BagODonuts accountant estimated that the trucks residual value would be 2,400 at the end fo its useful life
Explain why neutrality is such an important quality of financial statements. Identify examples of the lack of neutrality in accounting reports.
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