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1. What reservations might you have as to the engineers' estimate of useful life? Why might any estimate of a highway's useful life be suspect?
2. In 2013 the engineers determined that the county would have to incur $1 million in resurfacing costs every four years to preserve tdhe highway in the same condition as it was when the road was completed. In 2013 the county spent $1 million to resurface the highway. Prepare the entries, including that for firt year depreciation, that the county should make.
What is pro forma reporting according to regulation SX of the SEC? How has pro forma reporting been used by corporations over the years? Summarize the arguments for and against this type of reporting.
Bonadio Ekectrical Supplies distributes electrical components to the construction idustry. The company began as a local suookier 15 yrs ago and has rwon rapidly to become a major competitor in the north central US.
the date is november 18 2009. you are the chief executive officer of omega software a publicly owned company that is
guess company reports 648500 of net income for 2011 and declares 102500 of cash dividends on its preferred stock for
How do the provisions of GAAP in this area differ from the bill introduced by members of Congress (Dreier and Eshoo), which would require expensing for options issued to only the top five officers in a company?
discuss what procedures a company may take to reduce the chance of computerized fraudulent employee activities. also if
A company acquired a new high-tech printing press on January 1, 2011, for $90,000. At that time, the company estimated the press would have a six-year life and salvage value of $6,000.
The Nut House sells almonds, cashews, and pistachios. Pistachios outsell cashews by a margin of 2 to 1 cans. Almonds were half the sales of cashews in cans.
a local credit card company receives a constant flow of cash from its customers. the checks are deposited continuously
on october 29 2010 lue co. began operations by purchasing razors for resale. lue uses the perpetual inventory method.
The invoice cost for merchandise purchases represents 75% of the sales price. All purchases are paid in cash. How much are the budgeted cash disbursements for December?
nanotech inc. has a bond issue maturing in seven years that is paying a coupon rate of 10.42 percent semiannual
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