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1.Franco Company is a rapidly growing start up business. Its recordkeeper, who was hired six months ago, left town after the company's manager discovered that a large sum of money had disappeared over the past three months. An audit disclosed that the recordkeeper had written and signed several checks made payable to her fianc and then recorded the checks as salaries expense. The fianc, who cashed the checks but never worked for the company, left town with the recordkeeper. As a result, the company incurred an un insured loss of $ 184,000. Evaluate Franco's internal control system and indicate which principles of internal control appear to have been ignored.
we have grown a lot and done well in the past three years. most of our shoes are hand made using very little in the way
Prepare the adjusting entry at December 31, 2012, to report the securities at fair value - show the balance sheet and income statement presentation at December 31, 2012, after adjustment to fairvalue.
What are the recognized gain or loss and the basis of the replacement warehouse if Parkview's objective is to recognize as much gain as possible? Advise Parkview regarding what it needs to do by what date to achieve its objective.
Calculating payments iron man products had projected the following sales for the coming year. Sales in the year following this one are projected to be 15 percent greater in each quarter.
the highlanders is a nationally recognized drum and bagpipers group that performs in parades and official ceremonies
Comment on Amortization of NBA Franchise and Other Intangible Assets and what were the major reasons for the increase in income from continuing operations between 1997 and 1998?
Chris spends $800,000 to build a qualified low-income housing project, which is placed in service on January 1, 2005. He financed the project using his personal funds. What is the amount of the low-income housing credit that Chris may claim in 200..
We are not creating entries for monthly expenses such as rent and preparing the financial statements and documents floating around that may or may not be needed for efficient and effective processing of the business information and paper that is no..
How would you expect the environment of a more cost-conscious consumer to affect Zappos' business? What can Zappos do in such an environment to maintain salesgrowth?
Bonds Payable has a balance of $3,500,000 and Discount on Bonds Payable has a balance of $125,000. If the issuing corporation redeems the bonds at 97, is there a gain or loss on the bond redemption?
Identify the amount of cash used for capital expenditures from the Investing Activities section. How much cash was provided from the sale of capital assets?
The study of advanced Cost accounting focuses on the significance of analyzing and managing costs; activity-based management, process costing and cost allocation; planning and decisions making, and evaluating and managing performance.
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