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1. How can client internal controls be improved by proper installation of IT?
2. What are the risks for accounting systems that rely heavily on IT functions?
3. What's the difference between a test of controls and substantive test of transactions?
4. What are the differences between substantive tests of transactions and tests of details of balances?
Vacaro Corporation provides a variety of share-based compensation plans to its employees. Under its executive stock option plan, Vacaro granted options on January 1, 2009, that permit executives to acquire 20 million of the company's $1 par common..
William County opted to account for its duplication service center in the internal service fund. Previously the center had been accounted for in county's general fund. During first month in which it was accounted for as an internal service fund cent..
Assuming a 30-day period in November, calculate November's interest. Also, calculate the interest Nancy would have paid with: a) the previous balance method, b) the adjusted balance method.
Hedging Exchange Rate Risk. An importer in the United States is due to take delivery of silk scarves from Europe in 6 months. The price is fixed in euros.
What are the tax consequences of the corporate formation transaction?
What is the income reported by Regal during 2012 pertaining to the Air investment?
Based on the formulas you have reviewed, what happens to contribution margin per unit when unit selling prices increase? Illustrate your explanation with an example from a fictitious company of how an increase in unit selling prices might affect cont..
Grunewald Industries sells on terms of 2/10, net 40. Gross sales last year were $4,562,500 and accounts receivable averaged $437,500. Half of Grunewald's customers paid on the 10th day and took discounts.
What are the equivalent units of production (EUP) for the conversion costs in the month of September assuming ALG uses weighted-average process costing?
All materials are added at the beginning of the process. The first-in, first-out method is used to cost inventories. The number of equivalent units of production for conversion costs for the period was:
Before preparing financial statements for the current year, the chief accountant for Springer Company discovered the following errors in the company accounts:
Explain the steps to take for a money market hedge. You need to describe clearly the amounts which are related to the actions to take.
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