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DQ1:
Accounting Cycle
Financial statements are a product of the accounting cycle. Think about two different companies: a manufacturing company, and a retail company. Why would different companies have different accounting cycles? Would you expect the steps of the accounting cycle to be the same for each company? Why or why not?
DQ2:
Bank Reconciliation
What is the purpose of a bank reconciliation? What are the reasons for differences between the cash reported in the accounting records and the cash balance in the bank statements?
Analyze several of your peers' posts. Let at least two of your peers know what happens to the discrepancies between the book balance and the bank balance. Could these differences just be written off.
mohur ltd. has equity capital of rs.4000000 consisting of fully paid equity shares of rs.10 each. the net profit for
friou corporation manufactures and sells a single product. the company uses units as the measure of activity in its
on january 1 2012 bailey industries had stock outstanding as follows.6 cumulative preferred stock 109 par valueissued
If income tax expense for the current year was $46,000 and income tax payable decreased by $5,200 during the year, what was the amount of cash payments for income tax?
how do operatign leases differ from capital leases? how do we account for them from both the lessors and lessees
The required return on ANZ shares is 9%. Based on this information would you buy the share today? (Base your answer on current market data for ANZ shares)
Please describe how to prepare necessary journal entries to record the issuance of bonds, the periodic interest, and amortization of bond premiums and discounts.
Prepare journal entries (A,B,C) and show proper disclosure (C) to reflect the following treasury stock transactions showing how each is accounted for under the cost method. (show computation)
this exercise compares the future value of investing an amount of money in different time frames. a total of 20000 is
on january 1 2004 liberty co entered into a 12- year lease on building. the lease contract requires 1 annual prepaid
What is the cash flow from investing activities?
Two measures of horizontal analysis-for example, compute the total change in assets by percentage, by dividing current assets in 2005 by current assets in 2004. Compute a similar percentage for current liabilities.
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