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1. Go to the Financial Accounting Standards Board's web site. List by number and name all FASB statements that specifically provide accounting and reporting guidance for not-for profit organizations. Can you oftain a copy of the full text of these statements from this web site? Does the FASB charge for its statements, or are they provided free of charge?
Create a situation or scenario in which it may be appropriate to recognize revenue as the productive activity takes place. State whether or not there are any other times appropriate for recognizing revenue. Give a rationale with your response.
Recording Journal Entries and preparation of balance sheet and the post-closing trial balances of two proprietorships on January 1, 2008
Evaluate the amount of depreciation expense that can be recognized under each of the subsequent depreciation methods in the first and second years of the truck's useful life.
Evaluate the unit contribution margin and the contribution margin ratio - Armstrong Helmet Company manufactures a unique model of bicycle helmet.
Prepare a segmented income statement in the contribution format for the company. Omit percentages; illustrate only dollar amounts.
Determine each of the following ratios using the "unadjusted" data as provided in column "F". For additional practice, recompute the ratios using the data you generate for the other columns.
Purpose a budgeted income statement for 2009 and Should mega change the selling price?
Journal entries for purchase of two-year policy from a different insurance
Evaluate the basis of each shareholder's stock in the new corporation. Determine the basis of each property in the hands of the corporation.
Budgeting involves computation of budgeted purchase - Given the above information, what will be the budgeted purchases for July? Round your answer to the nearest whole dollar.
Using the high low method, evaluate utility costs. In addition, evaluate the variable costs per unit and total fixed costs. and evaluate the breakeven point in number of oil changes and sales dollars.
Record the journal entries related to this transaction using the net method of recording purchases and Which method do you prefer? Why?
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