Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
In the communication business, companies often use the linesof other communications companies. This line usage is a signifgantoperating expense for Blowhards Company. Generally acceptedaccounting principles require operating costs like line use to beexpensed as they are incurred each year. Each dollar of line costreduces the net income by a dollar. After reviewing thecompany's operations, blowhard concluded that the company didnot currently need all of the line use it was paying for. it wasreally paying the owner of the lines now so that the line use wouldbe available in the future for all the expected new customers.Blowhards instructed his accountant to capitalized all of the linecost charges and depreciate them over 10years. The accountantreluctantly followed instructions and the companies net income forthe current year showed a significant increase over prioryear's net income. Blowhard found away to report continuedgrowth in the company's net income and increase the value
How does Mr. Blowhard scheme affect the amount of income thatthe company would otherwise report in its financial statement andhow does the scheme affect the company's balance sheet? Howmany ways can you adjust the financial records to make your companylook better yet still follow GAAP and ethical guidelines.
the following are the amounts of the assets and liabilities of pedigree travel service at december 31 2008 the end of
palmer corporation issued and has outstanding 20000 shares of 10 par-value common stock and 1000 shares of 60 par-value
a construction company can lease an asset for the next four years by making lease payments that are equivalent to
how are changes in the fair value of an option accounted for in a cash flow hedge? in a fair value hedge?
collegepak company produced and sold 60000 backpacks during the year just ended at an average price of 20 per unit.
Greetings Online disposed of a van that cost $22000 with accumulated depreciation of $15000. The journal entry would be to:
icicle bay tours operates day tours of coastal glaciers in alaska on its tour boat the emerald glacier. management has
suppose that in the first 3 years of the mines life the company took percentage depletion totaling 654000. in the fifth
Net cash flow from operations for a period was $30,000; Noncash revenues for the period were $11,000. Noncash expenses forthe period were $13,200. What was net income for the period?
medtrans is a profitable firm that is not paying a dividend on its common stock. james weber an analyst for a. g.
When a note payable us issued for property, goods and services, the present value of the note is measured by:
hampton corporations balance sheet at december 31 2011 is presented below. hampton corporation balance sheet december
Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!
whatsapp: +1-415-670-9521
Phone: +1-415-670-9521
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd