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For the two transaction cycles of "cash and financial investments" and "accounts receivable, notes receivable, and revenue", for each one of the audit objectives of existence, completeness, accuracy, classification, timing, and posting and summarization, identify a key internal control, a test of the internal control, and an audit test for each one of the audit objectives.
Develop an alternative costing system to use for bids to overcome this problem and write a report to Susan Sharma identifying the reasons why the company has been losing bids to its competitors
Read each definition and compare and contrast the FASB and IASB versions and then compare to the Boards' definition and what is the best definition and why?
Show the effects of each of these transactions upon the following elements of the company's financial statement.
Evaluate the amount of the discount on these bonds at issuance? How much net bond interest expense may be recognized over the life of these bonds?
Complete the Balance Sheet using the information on the Post Closing Trial Balance and determine the amount of Merchandise Inventory lost and prepare the entry to write off the lose.
Compute the liquidity ratios for 2009 and 2008 - Days' sales in inventory, inventory turnover and working capital
What are the variable costing inventory cost per unit be for 2010,2011, and 2012, respectively?
Alternative methods exist for the measurement of the pension obligation (liability). Which measure requires the use of future salaries in its computation?
Provide advise the company to accept first, those for A, for B, or for C? Which orders second? Third?
What casualty loss deduction from this accident can Jim combine with his other casualty losses in computing his itemized deductions?
Calculate the amount of the note payable at December 31, 2009 that would be classified as a long-term liability. Do not use decimals in your answer.
Explain in basic terms the main concern to be addressed in determining the appropriate revenue recognition pattern.
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