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Look up Nike's annual report and answer the following questions in the 4.3 Discussion: Adjusting Entries forum:
1. Find a line item listed on either the income statement or balance sheet that would indicate an adjusting entry was necessary and describe the entry.
2. What do you think the effect would be on the company's financial statements if the adjustment was not made? Be specific. Name the statement, the category or accounts, and whether it would have increased or decreased.
on july 1 2010 spahn co. pays 18000 to randle insurance co. for a 3-year insurance contract. both companies have fiscal
Kordel Inc. acquired 75% of the outstanding common stock of Raxston Corp. Raxston currently owes Kordel $500,000 for inventory acquired over the past few months.
supler company produces a part used in the manufacture of one of its products. the unit product cost is 18 computed as
What balances would need to be considered in order to prepare the consolidation entry in connection with these intercompany bonds at December 31, 2008, the end of the first year of the intercompany investment?
Identifiable net assets were equal to their carrying amounts
in reviewing the activities of the mixing department for the month of june the manager of the department notices that
mcdaniel company manufactures 100-pound bags of fertilizer that have the following unit standard costs for direct
The Butterfly Corporation had the following information that pertained to its March budget.
if you were the editor of rethinking the social responsibility of business and were rewriting it today what changes
Please discuss the value of the accounting cycle to the including:
A corporation has 50,000 shares of $28 par value stock outstanding that has a current market value of $160. If the corporation issues a 4-for-1 stock split, the market value of the stock will fall to approximately
you are currently thinking about investing in a stock valued at 25.00 per share. the stock recently paid a dividend of
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