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What are intangible assets? Can you provide a few examples? Why are these important, and how are they recorded?
How would the concepts of utility, income, and substitution impact your purchases based on the rise in the cost of carbonated beverages?
On September 11, the customer who had been billed on August 18 complained about being overcharged and was granted a credit of $350.
Is Choi's ruling an ethical violation, or is it a legitimate decision in computing depreciation? How will Choi's new depreciation rule affect the profit margin of her business?
Blocker, Inc. had $10,000 of notes coming due on January 10, 2011- how much of the $10,000 note should be shown as current?
Wertz Corporation decided at the beginning of 2010 to change from the completed-contract method to the percentage-of-completion method for financial reporting purposes.
What is the difference between cash and accrual accounting? Which basis of accounting do most companies use, cash or accrual? Why? Which method is approved by GAAP? Why?
Starling Coating produces weatherproofing coatings that protect metal from oxidation. One of Starling's patented coatings, zurtan, is composed of two inputs, magna45 and zelon. While both inputs are required, they can be substituted for each other..
Perform an Internet search using the term, flexible budgets, and locate an article (from 2012) from the results of your search.
Evaluate the number of shares to be employed in determining diluted earnings per share for 2013.
Compute the efficiency variances for direct labour and direct materials. Provide likely explanations for variances. Do you have reason to be concerned about you performance evaluation? Explain.
What are the equity method journal entries typically recorded by a parent company? Provide examples in your response.
Jon Johnson an accountant with local CPA firm, has just completed an inventory count for Mom & Pop's Groceries. Mom and Pop provide audited financial statements to their bank annually, and part of that audit requires an inventory count.
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