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Do some research and find an article or case that involves a pending lawsuit. Give a brief overview of the case and determine the accounting treatment associated with the suit based on the facts presented.
Include a justification for your answer as it relates to contingent liabilities.
Puckett Co. has office furniture that cost $75,000 and that has been depreciated $50,000. Record the disposal under the following assumptions.
assume that the real risk-free rate r is 4 and that inflation is expected to be 7 in year 1 5 in year 2 and 3
On January 1, 20xx, Alpha Corporation issued $800,000 of 10%, 30-year bonds to lenders at par (100). Interest is to be paid semiannually on July 1 and January 1. Journalize the following entries:
under gasb rules for the financial reporting entitya. component units are included if the primary government is
comprehensive depreciation computationsnbspsheryl crow corporation a manufacturerof steel products began operations on
The partnership also assumed a $12,000 note payable owed by Robert that was originally used to purchase the equipment. What amount should Robert's capital account be recorded?
you own widgets r us and are preparing your year-end financial statements.1. what inventory system do you use and why?
What do you think is George Bush's desired conclusion? Make sure to include the computations of income. How can the discrepancies in parts (a) and (b), and the motivation difficulties in part (c) be diminished?
Susan generated $55,000 of net earnings from the conduct of a tax preparation business that she operated during the tax-filing season. She also received wages of $60,000 from her full-time job. Compute the self-employment taxes due for 2010.
Under the FASB-explain the disclosure requirements for share based compensation. This post should include an example of how the standard should be applied.
on january 4 2013 runyan bakery paid 350 million for 10 million shares of lavery labeling company common stock. the
Define what economists mean when by "efficiency" and discuss the conditions under which markets can be expected to deliver "efficiency." Give at least two examples of situations where the markets fail to lead to efficient outcomes.
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