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From the case study, contrast the responsibilities of the independent auditor and board of directors with the responsibilities of Koss management for the embezzlement. Indicate the party that was ultimately responsible for the embezzlement. Provide support for your rationale. •Recommend two controls that you would establish at Koss Corporation over electronic fund transfers. Indicate how each of the recommended controls would minimize the exposure to fraud in the future. Provide support for your recommendations
Management's inventory policy is to have ending inventory equal to 1.4 times the cost of sales for the subsequent month, although it is estimated that the cost of inventory at March 31 will be $170,000.
1- francis bacon believed that you should read neither to contradict nor believe but rather to weigh and evaluate.2-
stein agrees to pay choi and amal 10000 each for a one-third 33 13 interest in the choi and amal partnership.
Sanderson sells a single product for $45 that has a variable cost of $35. Fixed costs amount to $5 per unit when anticipated sales targets are met. the company sells one unit in excess of its break-even volume, profit will be:
oslo company prepared the following contribution format income statement based on a sales volume of 1000 units the
which type of corporate information is not available to investors? dividend history forecast of cash needs for the
when long-lived assets are purchased with a loan, can a company report the net difference between the cost of the asset and the mortgage liability against the asset, instead of reporting the two amounts separately on the balance sheet?
The following information relates to Franklin Freightways for its first year of operations (data in millions of dollars):
pechstein corporation issued 2120 shares of 13 par value common stock upon conversion of 1140 shares of 49 par value
julia baker died leaving to her husband brent an insurance policy contract that provides that the beneficiary brent can
Daniel purchased a bond on July 1, 2010, at par of $10,000 plus accrued interest of $400. On December 31, 2010, Daniel collected the $800 interest for the year. On January 1, 2011, Daniel sold the bond for $10,200.
What does it mean if a company such as Wal-Mart has net income, increasing total assets, and a lower return on assets? Is this a good thing or a bad thing?
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