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Which basis of accounting do most companies use, cash or accrual? Why? Which method is approved by GAAP? Why? What are the positives and negatives of each? Is it legal for an organization to keep two sets of accounting records; one for tax and one for book? Why or why not? What transactions might fall under a dual method?
on jan 1 2007 the horton corp issued 10 bonds with a face value of 200000. the bonds are sold for 196000. the bonds pay
mario who is single is a u.s. citizen and resident. he provides almost all of the support of his parents and two aunts
martin corporation is considering two alternatives to finance its purchase of a new 4000000 office building.a issue
ptarmigan company produces two products. product a has a contribution margin of 20 and requires 4 machine hours.
a proposed new investment has projected sales of 825000. variable costs are 55 of sales and fixed costs are 187150 per
on january 1 2013 burleson corporations projected benefit obligation was 30 million. during 2013 pension benefits paid
the standards for product u31 call for 7.1 liters of a raw material that costs 12.10 per liter. last month 1900 liters
wwweb marketing is a decentralized firm specializing in designing and operating internet marketing web sites. the firm
examine the statutory exclusions in the tax code in order to determine an exclusions that you believe that the irs
adjusting entries are required at the end of the period to ensure that accrual accounting principles are applied. the
A company can account for gains or losses from early extinguishment of debt in three ways:
a contractor has purchased a wheeled loader for 130000 and expects to use the loader an average of 1500 hours per year.
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