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1. List the seven broad principles of internal control.
2. Internal control procedures are important in every business, but at what stage in the development of a business do they become especially critical?
3. Why should responsibility for related transactions be divided among different departments or individuals?
4. Why should the person who keeps the records of an asset not be the person responsible for its custody?
Alpine Inc. uses job order costing for its brand new line of sewing machines. The cost incurred for production during 2014 totaled $20,000 of materials, $8,000 of direct labor costs, and $8,000 of manufacturing overhead applied.
Should Cider Ltd accept the offer from Thrifty? Explain your decision. b. "What non-finaneial factors need to beconsidered in making the decision?
The loader is predictable to have a four-year life and a $20,600 salvage value. Loader costs are recorded in Equipment account. Evaluate what is the journal Entry?
Sedato Company follows the practice of pricing its inventory at the lower-of-cost-or-market, on an individual-item basis.
Prepare the journal entries to record the transactions in July using normal costing, Calculate the over applied or under applied overhead for July. Utilize the proration method to prepare a journal entry to close this balance, Prepare a schedule of ..
a citys enterprise fund issued revenue bonds with a face value of 10000000. the bonds were issued with a 2 percent
What amount is the note payable recorded at on 1 st October and how much interest is recognized from October 1 to December 31?
the sas co. granted on million employee stock options on june 30 2006. each option allowed the holder to buy one share
A method of estimating bad debts expense that adds a detailed examination of outstanding accounts and evaluate what is the gain/loss on the sale of equipment
1. hans a citizen and resident of argentina is a retired bank executive. hans does not hold a green card. at the start
you are the assistant accountant of a small manufacturing company. your manager who is not an accountant is regarding
bixby corporation purchased land and a building for 800000. an appraisal shows that the lands value is 400000 and the
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