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1. The Sarbanes-Oxley Act of 2002 (SOX) has emphasized the importance of ethical ehaviour and codes of conduct. Discuss the costs and benefits of the ethical environment. If a poor ethical environment results in costs to an organization, what are they? Conversely, what are the benefits of a good ethical environment?
2. Flexibility, timeliness, and forward looking is said to be the prominent trait of modern management accounting, whereas standardization and consistency describe financial accounting. Explain why the focus on these two accounting systems differs.
prepare budgetary entries using general ledger control accounts only for each of the following unrelated situationsa.
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Explain how a company chooses a taxable year. What do you think the taxable year for the following businesses would be:
a 320000 bond was redeemed at 103 when the carrying value of the bond was 332480. what amount of gain or loss would be
american company is preparing a cash budget for july. the company has 11000 cash at the beginning of july and
locust software sells computer training packages to its business customers at a price of 105. the cost of production is
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during 2011 doug incurs the following deductible expenses 2300 in state income taxes 3000 in local property taxes 800
Determine the cost ratio (retail method) for T games and comics store if the cost of goods available for sale is $36,000 and the retail value of goods available for sale is $90,000
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