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1. Give an example of an error or a fraudulent act when accounting for production costs and related cost of goods sold.
2. Please describe an audit and/or investigation procedure for detecting the error or fraudulent act you cited in #1.
Compute the current and quick ratios for each of the three companies. (Round calculations to two decimal places.) Which firm is the most liquid? Why?
What price would have been charged to the customer if the job required $3,3000 in materials and $4,5000 in direct labor cost, and the company priced its jobs at 20% above the job’s cost according to the accounting system?
How (and why) individual remuneration packages of executives can be structured to motivate managers to maximize equity value?
Assume that the accountant preparing the consolidation worksheet has chosen to make the optional accumulated depreciation consolidation entry. Why does this consolidation entry need to be made each year
Prepare a statement of cash flows, using the direct method of presenting cash flows from operating activities - statement of cash flows-direct method
Finding the equivalent units for materials and conversion - Determine the costs per equivalent unit for May?
Prepare a schedule to allocate the $25,000 reported 2012 partnership income to Mel and Dav.
You should assume that the company that is a reporting entity and that the date the annual report (including the financial report) is authorised for issue is the 1st September 2014.
Find out deet park's net income for 2008 . Prepare a balance sheet for deer park
What controls must have been lacking at White Electric Supply to enable the bookkeeper to steal nearly $416,000 before being caught?
you want to buy a new sports car from muscle motors for 41100. the contract is in the form of a 48-month annuity due at
The remainder of the outstanding bonds is reacquired by exercising the bonds' call feature. In the final analysis, how much was the gain or loss experienced by Pratt in reacquiring its 8% bonds?
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