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A private citizen makes an unrestricted pledge of $5 million to a city's museum. The city is confident that the donor will fulfill her pledge. However, the cash will not be received for at least two years. How will the amount of revenue reported in the governmental fund statements differ from that reported in the government-wide statements? Explain.
The Banner Mattress and Furniture Company wishes to study the number of credit applications received per day for the last 300 days. The information is reported below:
Prepare Nguyen Corporation's income statement for 2011, including earnings per share, assuming a weighted average of 100,000 shares of common stock outstanding for 2011.
A lawyer allocates overhead costs based on his hours working with different clients. The lawyer expects to have $200,000 in overhead during the year and expects to work on clients' cases for 2,000 hours during the year.
Refers to the establishment of a new accounting and reporting basis in an acquired company's parent's financial statements. Is where the purchase price is "pushed down" on the acquirer's financial statements and used to restate the carrying value of..
Gerken Company concluded at the beginning of 2013 that the company's ownership interest in DillCo had increased to the point that it became appropriate to begin using the equity method to account for the investment.
Conduct a three factor DuPont analysis for Starbucks and Dunkin' Donuts for 2011 and 2012 end-of-year results. Use the information from financial statements in the 2012 annual reports.
Given the income statement above, what are their tax bases in their shares at the end of year 1?
Under a perpetual inventory system, record all of the journal entries required for the above transactions
A new computer is purchased that can do the same job in 5 days. How long would it take to do the job with both computers working on it?
Review an annual report of a popular company ie. Target, Kohl's Bass Pro shops, and answer the following questions with references:
Examine the sources of pressure that change and influence the development of GAAP. Determine the sources of pressure that have the greatest impact. Justify your rationale.
What are some advantages and disadvantages of different types of direct and indirect foreign investments?
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