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You are required to research and answer the following two questions. Your answer to each question must be written on a separate sheet(s). The indicative word limit for each question is approximately 250-350 words.
1. Discuss the classification of current assets and current liabilities in the context of preparing the balance sheet and how the same asset or liability may be classified differently by different companies (provide an example to illustrate).
2. Define the cash flow statement and the value of the additional information that it provides to external stakeholders making investing decisions.
Compute the percentage of the allowance for doubtful accounts to the accounts and notes receivable as of December 31, 2009, for The XYZ Corporation.
Compare and contrast the consumer price index (CPI) and the gross domestic product (GDP) price index regarding their viability in tracking the current health of the economy.
1 if you assume that the risk world in which your company operates is ergodic when in fact it is non-ergodic what
Determine from these additional facts whether the presentation of the facts in the Nerwin Company income and retained earnings statement is appropriate.
Compute the following profitability ratios for 2009 and 2008. Operating cash flow/current maturities of long-term debt and current notes payable.
sapling inc. is a 95 percent-owned subsidiary of fir enterprises. fir enterprises sells sapling an industrial wood
block company issued a 20000 10 year bond on 712008 when the market rate was 6.5. assume that the accounting year of
Next year Power expects to perform 2,000 setups at a total cost of $ 4,000,000. Power plans to produce 800 units of product EP150, which will require two setups. Explain how much setup cost will be allocated to each unit of EP150 produced?
Evaluate the engineering project when the MARR is 15% per year. Is the project acceptable? Project A Investment cost $10,000. Expected life 5 years. Market Value -$1,000. Annual receipts $8000. Annual expenses $4000.
erroneously recorded and accounts payable.prepare bank reconciliation as of 31 oct from the followingathe oct 31 cash
write a paper of no more than 1000 words responding to the questions below format the paper and presentation consistent
Invoices representing $1,005 of services performed during the month have not been recorded as of June 30. Prepare the adjusting entries for the month of June.
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