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Compute total asset turnover ratio for 2009 and 2010 and evalute results, would you promote me??
2010 2009 2008total assets 80,000 45000 35000total liabilities 45000 20000 15000total stock holders equity 35000 25000 20000total sales 85000 75000 50000net income 20000 10000 4000
What amount will be included in intangible assets on the company's December 31, 2008 financial statements prepared in accordance with IFRS? How much would be included in intangible assets under US GAAP?
How Bout Now, a clothing retailer, had cost of goods sold of $525,000 last year. The beginning inventory balance was $32,500 and the ending inventory balance was $35,000. What is the company's Days' Sales in Inventory?
Discuss at least three significant differences between IFRS and GAAP.
Illustrate the effect on the account and financial statements of paying and recording the March 17th payroll. Determine the following amounts of the employer payroll taxes related to the March 17th payroll: a) FICA tax payable b)state unemployment t..
Compare and contrast start-up costs and organizational expenditures. Describe how the tax treatment of these expenditures differs from the treatment for financial accounting purposes.
Frank Clarke, an employee of Smithson Company, was covered under a noncontributory pension plan. Frank died on April 15 2010 at age 64 and pursuant to the plan, his widow received monthly pension payments of 500 beginning May 1 2010.
Mr. Robbins medical records indicated that a total of 20 labor hours were directly used in providing his care. The cost of the labor was $380. It was expected before the beginning of the year that a total of 90,000 direct labor hours would be cons..
Determining the true cash balance as of August 31. (Hint: It is not necessary to use all of the preceding items to determine the true balance.)
Determine the amount of total dividends and dividends per share for preferred stockholders and common stockholders.
how can a country's tax system affect the manner in which an operation in that country is financed by a foreign investor?
Is Margaret's behavior regarding the cost information she provided to Susan unethical? Explain your answer.
While testing the inventory counts, the auditors noticed that several high dollar items had counts on the inventory listing which were materially higher than the actual counts. The difference between the actual and recorded inventory value was $66..
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