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1. What is the difference between a periodic and perpetual inventory system?
2. What is inventory shrinkage?
3. What is the difference between the physical flow of inventory and the inventory cost flow?
4. What are the common cost flow methods for accounting for inventory? Describe the differences.
you are controller for an architectural firm whose accounting year ends on december 21. as par of the management team
the board of directors declared a 2 per share cash divided on common stock and the corporation had 5000 share
panner inc. owns 30 percent of watkins and applies the equity method. during the current year panner buys inventory
a city engages in the following transactions seen below. for each transaction indicate the amount of revenue or
on january 1 a company issues bonds dated january 1 with a par value of 300000. the bonds mature in 5 years. the
Class, let's begin by discussing the internal control issues that are related to cash. What makes cash control different than control over any other asset?
You are interested in conducting research concerning police officers and their jobs. The information you want to gather, including job satisfaction or job hazards, is up to you as long as you clearly state the goal of your research. The method you..
on november 1 2012 jamie who is single purchased and moved into her principal residence. in early 2013 jamie was laid
seamark buys 300000 of eiders 8 five-year bonds payable at par value on september 1. interest payments are made
Sales 380,000 units, estimated ending finished goods inventories for December 31, 2011 are 20,000 units and beginning ending fnished goods at Jan 1, 2011 are 8,000 units.
Prepare journal entry to record the issuance of the bonds and the related bond issue costs incurred January 1, 2009 Prepare a bond ammortization schedule up to and including January 1, 2013 usinf effective interest method
government departments should take audit report seriously by preparing annual financial statement on timebased on the
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