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1. Larry Smith, president of Smith Company, has instructed Ron Rivera, the head of the accounting department for Smith Company, to report the company's land in the company's accounting reports at its market value of $170,000 instead of its cost of $100,000. Smith says, "Showing the land at $170,000 will make our company look like a better investment when we try to attract new investors next month."
Instructions
Explain the ethical situation involved for Ron Rivera, identifying the stakeholders and the alternatives.
Determine asset classes for the mutual fund and compare its market performance to the Dow 30 organization. Explain how such classifications and the current investment environment affect decisions concerning portfolio composition.
Explain why the value of the leased asset and the accompanying lease obligation are not reported on the balance sheet initially at $80,000.00
busy beaver corp. is interested in reviewing its method of evaluating capital expenditure proposals using the
BioGen Company, a small biotechnology firm, would like to borrow a loan to purchase laboratory equipment for gene splicing. The loan carries an interest rate of 8% per year and is to be repaid $396,719 at the end of 6 years. How much is the loan?
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Find an article on the use of spreadsheets in Accounting Information System
On November 1, 2015, the account balances of Schilling Equipment Repair were as follows. During November, the following summary transactions were completed. Journalize the November transactions. (Credit account titles are automatically indented when ..
Do not email your response to the teacher. All current events, internet searches, and essays must be submitted in class. Identify as many internal control weaknesses as you can in this scenario, and suggest how each could be addressed.
Sales of Slimline continued to increase during the term of the contract. Slimline sued Distributor, alleging a violation of the agreement. Who should win?
freedom co. purchased a new machine on july 2 2010 at a total installed cost of 44000. the machine has an estimated
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