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You are an auditor filing an 8-K Interim Event. Describe your client and what circumstances led you to decide you needed to file this report.
Now, in a follow-up post, imagine you need to file an S-1 IPO Registration report on behalf of the same client. Did any characteristics of your client change? In other words, describe why you need to file this report.
The Sports Equipment Division of Harrington Company is operated as a profit center. Sales for the division were budgeted for 2014 at $894,060. The only variable costs budgeted
Tele has a cell phone that she uses only for emergencies. The cost of the phone is $60 a month. The cellular company is offering unlimited nights and weekends for an additiona
DuoTronics, Inc. plans to issue bonds to fund a large investment project that it estimates will cost $10,000,000. How many bonds will DuoTronics need to issue assuming the fol
How much was Amazon’s long-term debt at December 31, 2009? Of this amount, how much was due within one year? How much was payable beyond one year in the future? Journalize in
Accounting for share issues and options Sunny Ltd is looking to expand its operations, and in order to do this, the company needs to increase equity. On 1 January 2016, Sunny
A share of stock is now selling for $135. It will pay a dividend of $5 per share at the end of the year. Its beta is 1. What do investors expect the stock to sell for at the e
Joyful Gas Company an independent oil producer in Dallas, Texas. In March, company geologist discovered a pool of oil that tripled the company’s proven reserves. What accounti
On January 1, 2013, Learned, Inc., issued $4.1 million face amount of 4-year, 3% stated rate bonds when market interest rates were 2%. The bonds pay semiannual interest each J
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