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1. Which key concepts and topics in "Advanced Accounting" course have made you a stronger candidate to enter the business world?
2. How "Advanced Accounting" has affected you in your professional development as a professional and as a person as well as encouraging you on your academic path.
Obtain at least two years of financial information pertaining to General Motors company from its most recent annual report (10-K).
The corporation elected S corporation status at the starting of 2011. On February 13, 2012, the property was sold for $40,000, payable in 4 yearly instalments of $10,000 plus interest. What is the amount of ordinary income to be reported from the s..
Pierre Imports will be liquidated. Its current balance sheet is given below. Fixed assets are sold for $900,000 and current assets are sold for $700,000.
What are the two methods for accounting for purchase discounts?
HOTco, a U.S. C corporation, invents a control panel to make furnaces heat up faster. HOTco sells these control panels exclusively in the U.S. HOTco does not wish to operate abroad and, therefore, HOTco licenses its control panel know-how to FORco..
The stockholders' equity accounts of Sigma Corporation on January 1, 2010, were as follows. Journalize the transactions.
A new textbook is published in the spring of 2011. Your campus bookstore buys 400 copies at $70 each in June, an additional 1,000 copies in August at $72 each, and 600 copies in December at $75 each. At the end of December 2011, the bookstore has ..
Discuss and explain the role of the financial accounting and managerial accounting functions in organizations and some of their job responsibilities.
What amount will Cashmere Soap include in its year-end balance sheet as cash and cash equivalents?
Delmar Company purchased a building on January 2 by signing a long-term $480,000 mortgage with monthly payments of $4,400. The mortgage carries an interest rate of 10 percent. The entry to record the first monthly payment will include a:
Progressive income taxes (the more you earn, the more you pay) are designed in part to reallocate earnings. Does the approach seem fair? Explain your answer.
Round-robin brainstorming can be a good technique. Let's say that we were going to incorporate this technique for a brainstorming session for a new client. You're in charge of creating the agenda and contacting the people who will attend the meeti..
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