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Essay Questions:
1. Rationalization is one of the components of the fraud triangle. What types of rationalization could a person use to justify misconduct? How can a company protect itself from rationalization as a part of fraud?
2. How does vertical analysis of financial statements differ from horizontal analysis? Which method do you think is a better analysis tool?
3. Name and describe one liquidity ratio. What does this ratio measure? What is the formula for this ratio?
Does every adjusting entry have an effect on determining the amount of net income for a period? Explain.
Consider the Industrial Supply Company example again. Assume that the company plans to maintain its dividend payments at the same level in 2009 as in 2008.
At fiscal year end, Dec 31, 2017, Alpha Corporations had total stockholders equity of 2500000. Use this to determine the book value of common stock
Write a research paper that describes the ways in which accounting information systems in the new era of business have changed all aspects of accounting and reporting and discuss the technological challenges that have accompanied these changes.
the annual interest rate on the mortgage payable 90900 was 9.25. interest expense for one-half month should be computed
doctrine or the clear reflection of income doctrine on a cash-basis corporation, as reflected in the Examining Officers Guide
Manipulation is a potential concern in money markets, particularly when a commercial bank holds a profitable position in which it can gain from may be an increase in interest rates.
If the company uses straight-line depreciation, what amount would be recorded as the depreciation expense each year, beginning with the third year
The Chief Operating Officer where you work does not understand why the company should waste their time in preparing the statement of cash flows. He wants to have a better understanding of this financial statement and asks you to do the following:
Your team is to prepare two separate lists of questions that enable you to complete a reliable CVP analysis of this situation. One list is to be answered by the school's administration, the other by the owner of the movie theater.
how is a transfer price determined? describe the cost-based method. do you think it is better than the market-based
ABC Corporation offered a four-for-one stock split. The number of outstanding shares before the split was 15,000, and the par value was $20 per share. After the split, what was the par value and number of shares?
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