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For this assignment, discuss how a segment is defined in the country you have been researching. Also, analyze the segment information in the annual report that you are using for your final project. What are the requirements for this company? Is the company following U.S. Standards, International Standards, or the standards of their home country? Does the company meet requirements, and is transparency evident in the notes to the financial statements? Discuss the differences that exist between the disclosures for your company using their current annual report versus what would be required if the company used U.S GAAP. The country that I have chosen is Germany
Caleb Samford calls you and says that his two-person S corporation was involuntarily terminated in February 2010. He asks you if they can make a new S election now, in November 2011. Draft a memo for the file outlining what you told Caleb.
Rampart Hospital has total variable costs of 90% of total revenues and fixed costs of $50 million per year. There are 50,000 patient-days estimated for next year. What is the average daily revenue per patient necessary to breakeven?
Why might overhead be under-applied and how can you prevent it? Explain predetermined overhead rate and show its computation. What is the best allocate base to use and why? What factors do you consider when deciding on an allocation base?
The Hightown council refused to increase the town budget. Robert Reed was laid off from work on Aug 4 2010. Earlier in the year he had been temporarily disabled from a job related injury and had received disability benefits. At year end Robert Ree..
What were the company's two largest current liabilities at the end of its 2 most recent annual reporting periods?
Updike and Patterson Investmens inc (UPI) holds equity investments with a cost basis of $250,000. UPI accounts for these investments as available-for-sale securities.
for 2010, ford corporation reported net income of $15000, net sales $200000; and average share outstanding 6000. there were no preferred stock dividends. what was the 2010 earnings per share?
A 4-for-1 stock split involving the issue of 400,000 shares of $5 par value common stock for 100,000 shares of $20 par value common stock was recorded as a debit to Retained Earnings $2,000,000 and a credit to Common Stock $2,000,000. Prepare the ..
Without regard for this investment, Keefe earns $300,000 in net income during 2006. What is consolidated net income for 2006?
Chipata incurred 26,200 machine-hours and $11,300 of manufacturing overhead. What was Chipata's underapplied or overapplied overhead for the year?
There was $800 of supplies on hand at the end of the year. Prepare the adjusting entry for the end of the year.
Lucy adamantly opposed an extension, however, as the idea of being late on her taxes frightens her. Since Lucy seems to have brought all of the information needed to prepare the return, you accept the engagement. Do you sign or not sign the tax r..
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