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Accounting Chat
Chat #1
300 words or less
What is the difference between cash and accrual basis of accounting?
What kind of accounts are affected with adjustments?
How to determine if an account or transaction is for a prepaid expense, accrued expense, unearned revenue, or accrued revenue?
Chat #2
Summarize the adjustment process.
300 words or less.
The reconciliation from governmental changes in fund balances to governmental activities changes in net assets would reflect a(an):
What if a cash disbursement was posted to the wrong vendor? Identify internal controls that would detect or prevent this from occurring.
(Two Temporary Differences, Tracked through 3 Years, Multiple Rates) Taxable income and pretax financial income would be identical for Jones Co. except for its treatments of gross profit on installment sales and estimated costs of warranties.
Differentiate between a routing slip and an inventory status report.
elevant enters into the following long-term investment transactions during year 2009.jan. 29 sold 3500 shares of
sanilac county has a lease on a lawn mower for 2500 per month and .02 per minute of operation. operating costs for fuel
Q1. What is an F-ratio? Define all the technical terms in your answer. Q2. What is error variance and how is it calculated?
the thomlin company forecasts that total overhead for the current year will be 15000000 and that total machine hours
madlem inc. produces and sells a single product whose selling price is 240.00 per unit and whose variable expense is
tranter inc. is considering a project that would have a nine-year life and would require a 3132000 investment in
kogan company has an inexperienced accountant. during the first 2 weeks on the job the accountant made the following
helen purchased 50 percent of the shares of hij corp. a calendar year s corporation for 7000. she also guaranteed a
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