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This topic, fraud, is an ongoing concern in any profession. Each profession needs to have a code of ethics and accounting seems to be the target to have very high ethics for the reason that they numbers that are presented to the public can affect investment and business decisions. Think about your profession, what type of ethics are related to this profession? Why are ethics important?
We have had a great discussion on Internal controls. One more thought. Think about your last trip to the grocery store. What type of internal controls do you think the store has in place to prevent employee theft?
You determine that $104,000 of the current and accumulated earnings and profits for the year is required for the reasonable needs of the business. The allowable accumulated earnings credit for the year is?
Both the budget process and budgets themselves can impact management actions, both positively and negatively. For instance, a common practice among non-profit organizations and government agencies is for management to spend any amounts remaining i..
you have been hired by the management of alden inc. to review its control procedures for the purchase receipt storage
What are the tax consequences to Justin for these expenditures when the restaurant opens in July? For Rachel?
macduff and macbeth recently formed a partnership called inverness ltd. macduff invested 30000 cash and macbeth
which of the following is a true statement?revenue accounts are a subset of assets and expense accounts are a subset of
You buy an 8% annual coupon bond that has a 15 year maturity and a required return of 12%. The par value is $1,000. You sell the bond five years later when the required return is 10%. What is the ending price (sell) of the bond?
Sampson Company's accounting records show the following at the year ending on December 31, 2010. Using the periodic system, the cost of goods sold is:
firehouse inc issues 2000000 of 7 bonds due in 10 years with interest payable at year end. the current market rate of
cash receipts 40000beginning cash balance 10000cash payments 48000desired ending cash balance 7000if there is a cash
calculate pv ratio and break even point in sales with the use of pv ratio from the per unit figures mentioned below
popeye company purchased a machine for 420000 on january 1 2010. popeye depreciates machines of this type by the
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