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A frequent criticism of accounting students by employers is their lack of understanding of basic documents, records and schedules. The ILA for this course is intended to give students some practical expereience to help overcome students' lack of knowledge about basic business systems. During weeks one and two we reviewed the materials included in the System Understanding Aid and used for completing the course project. You'll find journals, ledgers, worksheets, receiving reports, sales invoices, bill of landings, deposit slips and more. Why do you believe the knowledge of documents and records and their realtionship to financial statements is essentail for the study of accounting systems?
our division allows for up to 25 of sales in returns. for the past 4 years returns have averaged 20. we record revenue
discuss whether either of the following actions would constitute a violation of title vii of the 1964 civil right act
your company has earnings per share of 4. it has 1 million shares outstanding each of which has a price of 40. you are
Prepare a statement of cash flows for the year ended December 31, 2012, using the indirect method.
a sample of 45 overweight men participated in an exercise program. at the conclusion of the program 32 had lost weight.
alma inc. has revenues of 750000 resulting in an operating income of 52500. average invested assets total 375000 the
Financial statements are prepared in accordance with what? What governing bodies set accounting standards? Why do you think financial statements are required to be prepared using the same standards?
we are auditing the sales and collection cycle of a non-profit hospital. Just because it is a non-profit organization, that does not eliminate the need for the auditors to assess risk.
q1. when a company exchanges a note for property goods or services what value does it place on the notea. if it bears
A corporation has 50,000 shares of $28 par value stock outstanding that has a current market value of $160. If the corporation issues a 4-for-1 stock split, the market value of the stock will fall to approximately
lots corporation uses the accounts receivable aging method to account for uncollectible accounts expense. as of
Assume that an entity treated sales tax, shipping charges, and installation costs on acquired equipment as an expense rather than as part of the cost of the asset. Would the firm overstate or understate its income statement and balance sheet by ac..
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