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Discuss a situation you have observed in your employment, read about online, or heard on the news that involved a misstatement arising from fraudulent financial reporting. Describe the specific situation. If you were the auditor of such company, prepare a brief assessment of the future risk of misstatements and design of future audit procedures (refer to page 201-210 in the text for an explanation). I need help on how to write a brief risk assessment... are there any auditors or accounting majors out there?
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Henry transfers property with an adjusted basis of $90,000 and a FMV of $100,000 to a newly-formed corporation in a Sec. 351 exchange. Henry receives stock with a FMV of $80,000 and a short-term note with a $20,000 FMV. Henry's recognized gain is ..
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The CEO of your company has requested that you prepare a written presentation to be given at the next board of directors meeting regarding the continuing impact that the information age has on financial accounting.
jasper company manufactures wooden drawers. the estimated number of drawer sales for the first three months of the
The gross margin for a manufacturing company is the excess of sales over:
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