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Discussion Topic 1: Purchases, Sales, and Inventory Items. complete E5-17 and E5-19 and post to the discussion board by day 3. Complete all parts of the problems and report back to the group the results of your analysis. Do not forget to show the necessary steps and explain how you attained that outcome. Respond to at least two of your classmates' postings. Problem E5-17: Journalize, without explanations, the following transactions of Soul Art Gift Shop during the month of February: (pp. 256-264). DateAccount TitleDebitCreditFeb. 3Inventory2,000 Accounts Payable
assertions are expressed or implied representations by management that are reflected in the financial statement
Why is the revenue recognition principle important and what are the three basic forms of business organization?
Bring together various financial analysis measures and interpret their meaning in order to draw conclusions about various companies. Note that each situation provided is to be considered independently of the others.
Compute the predetermined overhead rate for each department and dompute the total manufacturing costs assigned to jobs in January in each department.
what hypothesis testing procedure would you use in the following situations?a. a test classifies applicants as accepted
Complete a common-sized income statement, a common-sized balance sheet, and a statement of cash flows for 2010. Interpret your results.
Impact of and responses to globalised ‘Big Business' on national and regional cultures - Describe and explain THREE forms or types of impact that Big Business.
Describe the fiduciary activities of a state or local government and explain how accounting and financial reporting for fiduciary activities differ from those for governmental and business-type activities.
Unfortunately, both the rentals and the stocks have lost over half its value due to recent market crashes . As a sole beneficiary of his estate, how would you advise your dear uncle?
Complete the requested calculation
The bonds pay interest semiannually on June 30 and December 31 and are due December 31, 2017. The company uses the straight line amortization method.
1.Use the information in the adjusted trial balance reported in Exercise 4-4 to compute the current ratio as of the balance sheet date (round the ratio to two decimals).
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