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Question: At the next management team meeting, Roxy & Harley express some concern that any new equipment acquired to replace the old equipment may become obsolete within the next three to six years. Roxy & Harley want to know how the accounting rules for impairments would apply to any new equipment. Research the accounting literature (e.g., access the FASB Codification), to determine the official guidance for information on impairments including the timing and calculation of the amount. Be sure you describe the reasons for recording impairments and how recording any impairment actually can benefit the financial statements.
You seem to remember that asset impairments could be used to "manage earnings." Search the Internet and accounting journals for recent stories in the business press about asset impairments and earnings management. Prepare a memo explaining how earnings might be managed through asset impairments.
a company issues 2000000 12 bonds that pay interest semi-annually every january 1 and july 1. if the bonds are issued
What is the PV of $240 received in year 6
Fifty thousand shares of preferred and 200,000 shares of common stock are authorized.
janet and james purchased their personal residence 15 years ago for 300000. for the current year they have an 80000
cj manufacturing purchased some equipment 3 years ago. the companys required rate of return is 12 and the net present
Sanderson & benit construction inc. purchased equipment with a cost of $40,000 and a salvage value of $5,000 with a life of 5 years. The equipment is now fully depreciated.
Which of the following companies would be more likely to use the specific identification inventory costing method?
contract price 8000000 -------------------2012---------------- 2013----------------- 2014 est. cost----- 1600000
How do you think we can improve the process by which a computer randomly generates numbers and letters? Explain. Why is random seeding so important, and provide an example of how this is used every day?
Management at Kudler Fine Foods has reviewed the flowcharts prepared for payroll, accounts payable, accounts receivable, and inventory processes in Week Two and is requesting information on controls that will be required.
a company is considering the purchase of new equipment for 45000. the projected after tax net in mod is 3000 after
assume eddie zambrano corp. restricted retained earnings in the amount of 70000 on december 31 2014. after this action
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