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In the United States, a public company's financial statements must be according to Generally Accepted Accounting Principles (GAAP). These principles are cost, revenue recognition, and matching principles. Examine the financial statement and notes of a public company. Write a paper between 5 and 7 pages (double-spaced) discussing the following:
1. Introduction/Background Information.
2. GAAP and description of the accounting principles: Cost, revenue recognition, and matching.
3. Selected company's application of GAAP in cost recording, revenue recognition, and matching of expenses and revenues.
4. Description of recent accounting standard(s) and pronouncement(s) that affect the selected company's financial statements.
5. Description of assertions of internal controls in the notes to the financial statements.
6. Conclusion.
bird leasing inc. leased equipment to george corporation on jan 1 2013. the terms of the lease are as follows. the lase
ifrs 1 requires disclosures that explain how the transition from previous gaap to ifrs affected the entitys reported
wrights construction builds custom houses for individual buyers. on july 1 it had one job started with a beginning work
stellar corporation uses the weighted-average method in its process costing system. data concerning the first
Leon Bear started a computer programming business, Bear's Programming Service. For each transaction that follows, indicate which accounts is debited and which account is credited.
company planned to produce and sell 40000 units. at that volume level variable costs are determined to be 320000 and
cash 41000supplies 1200prepaid insurance 8900land 80000equipment 120000 less accumulated depreciation 42200 these are
Prepare in good form a multiple-step income statement for the year 2011. Assume a 30% tax rate and that 100,000 shares of common stock were outstanding during the year
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The actual sale was effected on December 15, 2011, at a price of $600,000. The book value of the division's assets was $1,000,000, resulting in a before-tax loss of $400,000 on the sale.
namiki cpa is auditing the financial statements of taylor corporation for the year ended december 31 2009. namiki plans
We've all experienced (or heard about) the challenges that the airlines have been facing. Read the Zacks Investment Research article, "Airline Industry Stock Outlook
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