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1.In 2013, the Barton and Barton Company changed its method of valuing inventory from the FIFO method to the average cost method. At December 31, 2012, B & B's inventories were $32 million (FIFO). B & B's records indicated that the inventories would have totaled $23.8 million at December 31, 2012, if determined on an average cost basis. Ignoring income taxes, what journal entry will B & B use to record the adjustment in 2013? Briefly describe other steps B & B should take to report the change.
The relationship between total liabilities and total assets is the definition for which following ratio?
an investor is comparing he following two bonds a bond from abc corp which pays an interest rate of 9 percent per year
A useful tool in financial statement analysis is the common-size financial statement. What does this tool enable the financial analyst to do?
What impact will increasing the percentage of completion have on Terra Firma's financial statements? Use numbers to back up your answer.
Greener Pastures Corporation borrowed $ 1,000,000 on November 1, 2015. The note carried a 9 percent interest rate with the principal and interest payable on June 1, 2016. Show the accounting equation effects and prepare the journal entries for (a) Th..
find the npv and pi of an annuity that pays 500 per year for eight years and costs 2500. assume a discount rate of 6
Your father runs a small auto body shop. He has decided to computerize his records and has asked you to explain the basics of accounting to him so that he can enter the data into his accounting software.
Prepare a 700- to 1,050-word paper explaining the overall accounting cycle at your organization.
what are the main objectives of ratio analysis and why is this important to external users of the financial statements
balance sheet of microsoft corporation reported property plant and equipment of 6078 million and accumulated
can someone help explain in detail how to get the answers for the second part of the question where it asks about how
(Carryback and Carryforward of NOL, No Valuation Account, No Temporary Differences) The pretax financial income (or loss) figures for Metals, Inc. are as follows.
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