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You are required to research and answer the following two questions. Your answer to each question must be written on a separate sheet(s). The indicative word limit for each question is approximately 250-350 words.
1. Discuss the classification of current assets and current liabilities in the context of preparing the balance sheet and how the same asset or liability may be classified differently by different companies (provide an example to illustrate).
2. Define the cash flow statement and the value of the additional information that it provides to external stakeholders making investing decisions.
Compute cost of goods available for sale and the number of units available for sale and compute the number of units in ending inventory.
Determine the accounts receivable turnover ratio and average day's sales in receivables for the current year and Explain the meaning of each number
multiple choice questions based on stock valuation.1.nbspcarter corporation had net income of 250000 and paid dividends
Labelling the T-accounts with the correct account name, labelling debit and credit on the T-account
Determine the estimated finished goods inventory balance at the end of July, if the company always uses an estimated predetermined plant wide overhead rate of $10 per direct labor-hour?
What did the for deferred rent and other liabilities in January 31, 2009? Where did you find this information and what is the difference between prepaid expenses and deferred rent
How much of the total sales revenue is required to be paid with cash and how many customers transaction does the company imagine in January
Record the transactions in T accounts and prepare a trial balance for the end of the month.
What is amount of goodwill associated with the investment? For 2011, what is the total amount of excess amortization for Austin's 25% investment in Gainsville?
calculation of current assets quick assets current ratio quick ratio and working capital.the kroger company is one of
1. the activity method of depreciation a.is a variable charge approach. b.assumes that depreciation is a function of
Describe the reason for any difference in the ending inventory balances under the two costing methods and the impact of this difference on reported net operating income.
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