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Using Accounting Databases to Obtain Relevant Data
The use of accounting databases enables researchers to obtain data to help answer their questions more efficiently. Using the FASB Codification database and other sources such as the SEC Web site as guides, answer the following questions:
1) How might an accountant ensure that all relevant accounting standards and other authoritative literature relevant to an accounting research question have been identified?
2) What techniques or methods would ensure such identification?
3) What sources would you use to locate GAAP?
Give Sapling's entries reflecting the purchase of wood chipper. Give Fir's entries reflecting the sale of wood chipper.
How would the concepts of utility, income, and substitution impact your purchases based on the rise in the cost of carbonated beverages?
Making decision for discontinue production of subassemblies and purchase from an outside supplier.
Compute the predetermined overhead rate. Compute the overhead applied. Find out the amount of overhead that is over or under applied.
Include tests of transactions after the balance sheet date as well as tests of transactions during the year under audit. Show
The subsequent two spreadsheets provide workload (expressed as relative weighted products (RWPs) for inpatient care), revenue, and expense data for Schumpert Medical Center covering their fiscal years 2010 and 2011.
Determine if you should open the retail shop in this vacant space. Include the break-even transactions, CM%, and the break-even dollar amount. Explain your answer (include rationale if your answer is yes or no).
An auditor noted that client sales increased 10 percent for the year. At the same time, Cost of Goods Sold as a percentage of sales had decreased from 45 percent to 40 percent and year-end accounts receivable.
Tax professional to decide on the best course of action from a tax perspective on their issues. make a three page memo (at least 300 words per page) to John and Jane Smith addressing the issues presented.
Presented below are 3 unrelated situations involving equity securities: What is the effect upon carrying value and earnings for each of the situations above?
During the fiscal year, the general fund of Phoenix City was legally required to transfer $80,000 to the debt service fund. Only $60,000 was transferred.
Demostrate the entry in the Investment Trust Fund to summarize the collection of interest for six-month period.
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