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Clarify the reasons why the historic cost is used when recording the purchase of accounts receivable and the impact the fair value will have on that entry.and why there is a difference between the amount accounts receivable recorded at and the fair value of that asset?
Compare payables turnover and days' payable for both companies. How are cash flows affected by days' payable? How do Oracle's and Cisco Systems' ratios compare with the computer industry ratios shown in the chapter?
On March 31, the following data were accumulated to assist the accountant in preparing the adjusting entries for Potomac Realty: What is the difference between adjusting entries and correcting entries
On January 3, 2013, the Soloman Toy Company purchased a machine for $24,000. The machine is expected to produce 200,000 units during its useful life of five years and have a salvage value of $2,000 at the end of that period. The machine produced 41,0..
Are these currency and Eurocurrency markets in equilibrium? How would you arbitrage the difference from the parity condition?
Assume that the following events occurred at a division of Generic Electric for March of the current year. 1. Purchased $45 million in direct materials. 2. Incurred direct labor costs of $24 million.
Explain how can you incorporate this type of analysis and awareness into your professional work in a way that enhances your value to your organization? Which tools covered in this course might most readily translate into expanding your personal an..
Based on your research, please discuss the benefits (and drawbacks) of creating financial reports with the use of IT. Based on your research, please discuss the application of accounting and auditing concepts in an electronic environment.
1. shue a partner in financial brokers partnership has a 30 percent share in partnership profits and losses. shues
Assuming that the equipment had been sold on January 2, 2008, for $100,000 instead of $95,000, journalize the entry to record the sale.
The Great Recession of 2007–2009 affected millions of U.S. citizens and had multiple causes. What were some of the major contributing factors and how did they combine to cause the recession? How were you affected by it? What are some long-term imp..
Prepare statement of cash flows (indirect method) using balance sheet data Following are comparative balance sheets for Millco, Inc., at January 31 and February 28, 2009:
Musical earned $308,000 in net income 2011(not including any investment income) while martin reported $126,000. Assume there is no amortization related to the original investment. Prepare consolidated net income for 2011 and show all the work.
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