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1. Why do you think Toyota is expanding so aggressively outside of Japan instead of focusing more on manufacturing in Japan and exporting to other countries?
2. What are the risks it faces in expanding its overseas manufacturing?
3. Where do you think Toyota should put its next plant in North America, and what factors should it consider in making that decision?
4. What are some of the major accounting issues that Toyota faces as it expands its global reach?
5. What are the pros and cons to Toyota of issuing its financial statements according to U.S. GAAP?
Will the CPA firm be liable to the creditors who extended the money because of their reliance on the erroneous financial statements if Newell Corporation should fail to pay them? Explain.
What was the amount of the projected benefit obligation at year-end? (Enter your answer in millions. Omit the "tiny_mce_markerquot; sign in your response.)
Compute the lower of cost or market for ending inventory assuming Lopez applies the lower of cost or market rule to inventory as a whole. Must Lopez adjust the reported inventory value? Explain.
The Accountant's Role in the Organization.
The company completely overhauled 10 of its trucks at a significant cost. The overhaul should extend the life of the trucks by at least 3 years. Because the company performs similar overhauls each year, the cost has been properly charged to repair..
Compute the weighted-average number of shares to be employed in computing earnings per share for 2013.
A company with a higher contribution margin ratio is: a) more sensitive to changes in sales revenue. b) less sensitive to changes in sales revenue.
Flores Corporation recently hired a new accountant with extensive experience in accounting for partnerships. Because of the pressure of the new job, the accountant was unable to review his textbooks on the topic of corporation accounting.
Hilltop sells its rock climbing shoes worldwide. Hilltop expects to sell 4000 pairs of shoes for $165 each in January and 2,000 pairs of shoes for $220 each in February. All sales are cash only. Prepare the sales budget fro January and February. S..
There is no minimum gain related to the nonrecourse liability. During the year the partnership incurs a $120,000 loss. How much of the loss can Karen report on her tax return for the current year?
Jane's travel budget for October was $330, based on her plan to drive 1,500 miles at a cost of $0.22 per mile. During October, she actually drove 1,250 miles at a cost of $290. A flexed budget performance report would show a variance of:
Are there any differences between the organizations that adopt a particular accounting method? What are the strengths and weaknesses of the various types of accounting?
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