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1. Explain the accounting treatment of material inventory errors discovered in an accounting period subsequent to the period in which the error is made.
What are the income and FICA tax consequences if $325,000 is determined to be excessive wages by the IRS? Assume Joe is in the 35 percent marginal tax bracket and JS Corporation is in the 34 percent marginal tax bracket.
agassi corp is preparing the comparative financial statements to be included in the annual report to stockholders.
the following standards for variable manufacturing overhead have been established for a company that makes only one
Knique Shoes issued a 100,000, 8 month, noninterest-bearing note. The loan was made by Second Commercial Bank whose stated discount rate is 9%. The effective interest rate on this loan (rounded) is:
American psychologist, Harry Harlow, conducted a famous experiment that demonstrated the importance of caregiving and companionship in the social development of monkeys. For this assignment, watch this videoabout the Harlow monkey experiment.
an accountant must be familiar with the concepts involved in determining earnings of a company. the amount of earnings
the lamb company budgeted sales for january february and march of 96000 88000 and 72000 respectively. seventy percent
Calculate IGF's 2011 price-earnings ratio. The average price-earnings ratio for the stocks listed on the New York Stock Exchange in a comparable time period was 18.5. What does your calculation indicate about IGF's earnings?
megan haak and kathy quandt borrowed 15000 on a 7-month 8 note from golden state bank to open their business mks coffee
What is each partner's outside basis and how much gain (loss) must the partners recognize in 20X9 when Picture Perfect was formed?
baldwin company had 40000 shares of common stock outstanding on january 1 2011. on april 1 2011 the company issued
on january 1 2010 valuation allowance for trading investments has a credit balance of 8700. on december 31 2010 the
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