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What are some of the difference between the preparation of fund-basis financial statements and the preparation of the government-wide statements. What are some of the differences in requirements? When is each used and who is the audience for each?
Under what circumstances would you not want to normalize a table? Finally, do you feel the advantages of normalization outweigh the disadvantages?
The SEC currently requires foreign companies that list shares on U.S. exchanges to provide:
If the East territory is discontinued, one sales manager (whose salary is $40,000 per year and is part of the fixed costs) will be relocated to the West territory. By how much would Green's income change if the East territory is eliminated? Recast..
Fixed rate notes and bonds have interesting dynamics that respond to various economic factors affecting the market or fair value of those instruments. There are several potential results from the issuance of fixed rate instruments.
Green Systems sold and delivered modems to the Blue Computers for $660,000 to be paid by Blue in 3 equal instalments over the next 3 months. The journal entry made by the Blue Computers to record the last of 3 instalment payments will include:
In each case, compute the amount that should be reported in the operating activities section of the statement of cash flows under the direct and indirect method.
Why is a dollar today worth more than a dollar in the future.
Cooper Corporation purchased a special tractor on December 31, 2012. The purchase agreement stipulated that Fishbone should pay $25,600 at the time of purchase and $7,700 at the end of each of the next 11 years. The tractor should be recorded on D..
The CEO paid $1220 for an expensive dinner and spent $600 for the game. What is the deductible amount of these expenses?
If it began the quarter with an $18,000 inventory at cost and purchased $72,000 of merchandise during the quarter, its estimated ending inventory by the gross profit method is:
Identify characteristics that distinguish NFP from business enterprises. Specifically identify, from most important to least important, five accounting issues relevant to NFP financial reporting and explain your rationale by reference to existing ..
Which of the following would be an appropriate performance indicator for a not-for-profit health care organization?
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