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1. What is responsibility accounting? Is it used at your current (or former) place of employment, and if not, would it work? Why or why not?
2. Explain the difference and similarity between corporation company and partnership company ?
3. How would you hedge a food retailer for a one year period. The aim is to maintain current growth and capital.
Basic calculation Cushing Corporation is considering the purchase of a new grading machine to replace the existing one. The existing machine was purchased 3 years ago at an installed cost of $20,000; it was being depreciated under MACRS using a 5-yea..
What are the concepts of income and capital? Meaning of utility and limitations of accounting conventions and its problems of valuation and income determination?
Identify and discuss, based on the findings documented in the internal audit work paper and Describe, solely with reference to the information provided, the matters that will have to be considered by your firm
descriptive questions - discount on bills payable.1. if an organization purchases 700 of supplies on account with terms
The building had a 10-year remaining useful life and the equipment had a 5-year remaining useful life. Explain how much amortization expense will be on the consolidated financial statements for the year ended on December 31, 2009 related to the ac..
On January 1, 2012, Alison, Inc., paid $79,100 for a 40 percent interest in Holister Corporation’s common stock. This investee had assets with a book value of $253,000 and liabilities of $117,000. A patent held by Holister having a $5,900 book value ..
The landscaping is expected to have a 20-year useful life and no residual value. Prepare the journal entries at December 31, 2011 to correct the errors (ignore income taxes).
Prepare the journal entry to record the impairment at December 31, 2010 and prepare any journal entries for the equipment at December 31, 2011.
Summarize how the company’s stock value (logitech) changed from May 11, to August 5? Provide a Percentage increase or decrease? State the company’s cash-flow over the last 4 years. Estimate, what percent of the company’s revenue comes from domestic s..
Determine Preliminary net income. Here is the info: Quick Cleaners, Inc., (QCI) has been in business for several years. It specializes in cleaning houses, but has some small business clients as well.
Calculate the cost of funds or WACC if the cost of equity is 20%, the cost of debt is 7%, and the capital is 50% equity and 50% debt. The tax rate is 40%
Blank Co. acquired 25% of the 500,000 shares of outstanding common stock of Overload Inc. on December 31, 2014. The purchase price was $3,600,000. Overload declared and paid $1.20 per share cash dividends on June 18, 2015, and on November 29, 2015. O..
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