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Kelly: I've been thinking about our method of recording entries. It seems that it's inefficient.
Marc: In what way?
Kelly: Well-correct me if I'm wrong-it seems like we have unnecessary steps in the process. We could easily develop a trial balance by posting our transactions directly into the ledger and bypassing the journal altogether. In this way we could combine the recording and posting process into one step and save ourselves a lot of time. What do you think?
Marc: We need to have a talk.
What should Marc say to Kelly?
Consider that the Millers' adjusted gross income was $50,000, how much of a medical expense deduction may the Millers claim on their joint return
Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.
Write a report on Internal Controls
Simple Interest, Compound interest, discount rate, force of interest, AV, PV
Tax cash flows represent taxable income in the year received, compute the NPV of the cash flows.
Evaluate earnings per share
Accounting for Extractive Industries Production commences in Site One
What happens to the fundamental accounting equation when the sole proprietor of a business invests more cash in it
The approach the controller recommended is to compare SUPERVALU's revenue recognition accounting policies to three similar companies, one reporting under US GAAP ( Safeway ) and two reporting under IFRS ( Ahold and Loblaw Companies ).
Calculate the total drill and blast cost based on the blasting costs
What technique of accounting should Web-Browser use to account for its investment in Internet Access at 31 st December, 1998, and June 30, 1999 (i.e., cost or equity method)?
A preliminary analytical review of the company's most recent balance sheet and income statement
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