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1. During 2010, the accountant discovered that the physical inventory at the end of 2009 had been understated by $11,900. Instead of correcting the error, however, the accountant assumed that an $11,900 overstatement of the physical inventory in 2010 would balance out the error. Are there any flaws in the accountant's assumption? Explain.
Analysis reveals that a company had a net increase in cash of $22,310 for the current year. Net cash provided by operating activities was $20,100; net cash used in investing activities was $11,050 and net cash provided by financing activities was $13..
jim shoe chief executive officer of jolsen international a multinational textile conglomerate has recently een
Research this topic, and give your argument for or against the use of fair value for the nonfinancial assets of a company.
sproles inc. manufactures a variety of products. variable costing net operating income was 90500 last year and its
Simpson's cost of funds is 10%, and the machine will be purchased on January 1, from which vendor should the press be purchased?
‘At their simplest, accounts comprise a summary of cash receipts and payments. Concepts such as accruals and substance over form lead to increased complexity and may make it dif- ficult for a user to interpret the results and financial position ..
Continuing Problem 50, you might expect that the system will be only as good as the station with the smallest value of siµi (called the bottleneck station). This problem asks you to experiment with the simulation to gain some insights into bottlene..
Briefly discuss how the accounting for the restructuring provision can be used for earnings management.
Which of the following is not an expense recognition approach recognized by the FASB as an expense recognition principle to properly match expenses against revenues?
alliance division has the following information for year ended december 31 2009.assest 12800000revenues 8750000expenses
sunburst sells a snowboard xpert that is popular with snowboard enthusiasts. below is information relating to
if 120000 of bonds are issued during the year but 200000 of old bonds are retired during the year the statement of cash
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