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Evaluate how research and normative theory impacts accounting education today and the likely impact that more research may have on the accounting profession.
While research evidence indicates that historical cost valuation methods are often irrelevant discuss why the accounting profession has a difficult time moving away from it and toward valuation methods that research methods have proven more relevant
Evaluate corporate management's comfort level with stable earnings trends and identify what you believe is the most significant factor that contributes to this level of comfort.
Discuss several methods that business managers might use to smooth earnings. Do you agree that smoothing earnings is an acceptable accounting practice? Explain your answer.
Show the proper disclosures in the stockholders' equity section of the balance sheet issued at the end of the first quarter, March 31, 2013. Assume net income of $100000 during the first quarter.
How should internal auditors help, if at all, with forensic accounting investigations?
Jacobs Company manufactures refrigerators. The company uses a budgeted indirect-cost rate for its manufacturing operations and during 2005 allocated $1,000,000 to work-in-process inventory. Actual overhead incurred was $1,100,000. Prepare a journa..
Publicly traded firms are required to report to the investors using an accrual not a cash-basis approach. Do you think they should? What are the advantages? The drawbacks?
On January 30, Tensing Corporation bought supplies of $2,000. The supplies were all consumed in February. Determine which of the following statements is true regarding the accounting for these supplies.
Prepare journal entries to record the treasury stock transactions. Prepare the equity section of the balance sheet for Cosmo Company.
Which of the following would be considered "constuctively received?"
Jimmy owns a trucking business. During the current year he incurred the following:
Which is better for preventing or detecting fraud a rules based system like US GAAP or a principles based system like IFRS? Please provide the reasons for your opinion.
Emerson Electronics had the following information related to its September inventory. Sales were made at $20 per unit and Emerson uses the perpetual inventory system. What is the value of ending inventory under FIFO?
On July 1, Job 46 had a beginning balance of $1,235. During July, prime costs added to the job totaled $560. Of that amount, direct materials were three times as much as direct labor. The ending balance of the job was $1,921.
Your company is in financial trouble and is in the process of reorganizing. Your manager wants to know how you will report on restructuring the debt. Use the following information to help with this assignment. Prepare journal entries for debt rest..
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