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"The company's officers and board of directors, including Chairman Kenneth Lay, CEO Jeffrey Skilling and CFO Andy Fastow, were selling their Enron stock at higher prices due to false accounting reports that made the stock seem more valuable than it truly was. After the scandal was uncovered, thousands of stockholders lost millions of dollars as Enron share values plummeted."
equipment with an appraisal value of 35 000 isa offered for sale on 32 00. the purchaser acquires it for 10000 in cash
Describe the two-step process involved in deciding how this unasserted assessment should be reported.
The following is a partial listing of accounts for Euisara, Inc., for the year ended December 31, 2010.
ned has active modified adjusted gross income before passive losses of 170000. he has a loss of 15999 on rental
Companies can determine the effect of ending inventory errors on the balance sheet by using the basic accounting equation: Assets = Liabilities + Owner's Equity. How would the over or understatement of inventory impact assets, liability and owner'..
Race decided to use the equity method to account for this investment. What was the noncontrolling interest's share of consolidated net income?
If the corporation uses the straight-line method of amortization of bond discount, the amount of bond interest expense to be recognized in December 31, 2010's adjusting entry is
excerpts from a cost-volume-profit analysis indicate fixed costs of 49000 a contribution margin per unit of 35 a
Suppose the market value of the machine was unknown at the time of purchase, but the market rate of interest for notes of similar risk was 11%. Prepare the journal entry to record the purchase of the machine.
Design an audit program for the cycle in no more than 1,050 words. Consider using a checklist or flowchart to outline your process.
alexander bruce and jonathon wayne are managers of two product lines for gotham incorporated. one of them is a
you are the owner of a small bread factory and are thinking of lowering costs and expanding. your small-business
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