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PRINCIPLES OF ACCOUNTING
This response must be 150-200 words long
Explain the difference between cash-basis and accrual-basis accounting. Assume you are a business owner of the type of business you would like to own, what method would you prefer, and defend your answer.
the knitwitt corporation manufactures knitted shawls and scarves. the company expects to incur 1500000 in overhead
a ten-year bond with par value equals 1000 pays 7 annually. if similar bonds are currently yielding 6 annually what is
Teresa Alvarez, a beginning accounting student, believes debit balances are favorable and credit balances are unfavorable. Is Teresa correct? Why or Why not?
There are two methods of reporting an accounting change:
Analyze the audit opinion formulation process
Profit before tax is sh.800000 which includes sh.500000 grant that is not taxable and sh.20000 of expenses allowable for tax purposes.depreciation for p&l account amount to sh.120000 but was to be replaced by capital allowances of sh.150000.Tax ra..
a girl has a 2000 overdue debt for books the local bookstore. she has only 600 in her checking account. the bookstore
a company must decide between scrapping or reworking units that do not pass inspection. the company has 15000 defective
If you were to divide your X variable by 100 in order to make the scale between X and Y more similar, how would your results change? Discuss the implications for slope (value and significance), intercept, and R squared.
Explain to Joe the generally accepted accounting principles that he did not recognize in preparing his income statement and their effect on his results.
Jastoon Co. acquired all of Wedner Co. for $588,000 cash in a tax-free transaction. On that date, the subsidiary had net assets with a $560,000 fair value but a $420,000 book value and income tax basis.
Maria Rivera, owner of Rivera Pharmacy, uses the direct write-off method in accounting for uncollectible accounts. Record the following transactions in general journal form.
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