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CheckPoint Impacts of Unethical Behavior -
Research a company that has been in the news for unethical practices, such as Enron, Tyco, Global Crossing, or WorldCom.
Post a 250- to 300-word response that summarizes your ideas about the following:
What was the nature of the controversy regarding this company’s practices?
• How were accounting practices involved?
• If you had been an accountant for this company, how would you have acted? Explain why.
• What might have been done to prevent the controversy?
What was the affect of unethical behavior on the profitability of the company?
What adjustment, if any, should be made to Bulky’s Federal taxable income in determining the correct taxable income for the typical state.
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What is the relationship between inventory and cost of goods sold by a pharmacy or medical supply business? Explain the depreciation concept. What items in a physician practice can be depreciated? What is the purpose?
Determine Margaret's adjusted basis in her partnership interest in MP Partnership at the end of 2012?
Evaluate the long-term borrowings in AF's balance sheet and the related note.
Evaluate the existing ratio and quick ratio for both years. What conclusions will you draw from these data?
Evaluate the full unit product costs for Widgets and Gadgets using the traditional costing system and Find the full unit product costs for Widgets and Gadgets using the ABC system.
Computation of predetermined overheads using job order costing and At year-end the Work-in-Process Inventory controlling account showed a debit balance of $28,750.
At the beginning of the machine's sixth year it was recognized the machine had three years of remaining life instead of five and that at the end of the remaining three years its salvage value would be $1,600. Illustrate what amount of depreciatio..
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