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Which of the following is not considered "constructive receipt" income in 2010:
a. Andrew Mason was informed that his check for services rendered was available on Dec 15 2010 but he waited until Jan 16, 2011 to pick up the check.
b. A payment on a sale of real property placed in escrow on Dec 16 2010 but not received by Mr. Miles until January 12 2011 when the transaction was closed.
c. Earned income of Candic was received by her agent on Dec 30 2010 but was not received by her until Jan 5 2011.
d. Dryer received a check on Dec 30 2010 for service rendered but was unable to make a deposit until Jan 5 2011.
e. Ellen received stock on Dec 30 2010 for services rendered but was unable to find a buyer for the stock until Jan 20 2011.
Construct the company's direct labor budget for the upcoming fiscal year, assuming that the direct labor workforce is adjusted each quarter to match the number of hours required to produce the forecasted number of units produced.
The CPA firm you are working for has just taken on a new client. The firm has just learned that the new client will soon be on the cover of a well-known magazine, the firm is very concerned the work they produce is outstanding in every aspect. Tha..
Analyze the difference between discretionary and nondiscretionary fiscal policy. Explain the effects of discretionary and nondiscretionary fiscal policy on governmental revenue and expenditures.
Determine the adjustment to income due to the change in accounting method and the amount that is allocated to 2005.
You are trying to determine which of two companies is the most profitable. Which of the following would be the best indicator of relative profitability
National expects the market for the new compound variant to be 57,000 gallons initially and determines that processing costs to refine the basic compound into the variant would be $72,800.
If the company follows the residual dividend policy, how much net income must it earn to meet its capital requirements, pay the dividend, and keep the capital structure in balance?
Why is the budget a far more important document in both governments and not-for-profits than in businesses?
If a business had a capacity of $10,000,000 of sales, actual sales $6,000,000, break-even sales of $4,500,000, fixed costs of $1,800,000, and variable costs of 60% of sales, what is the margin of safety expressed as a percentage of sales?
1) explain how goodwill is tested for impairment for a reporting unit. 2) determine the amount, if any, of impairment loss to be recognized at december 31, 2008.
Suture Corporation's discount rate is 12%. If Suture has a 5-year investment project that has a project profitability index of zero, this means that:
Present a position either in favor or against the policy of stating investments at fair market value and that the changes be recognized as either revenues or as expenditures. Please give a few examples.
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