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Selecting a for-profit organization of interest you will research an unusual or conflicting accounting principle that has impacted your chosen organization.
The research will require you to present, review and analyze the organizations published accounting statements of the last two years. Specifically, your research paper will:
Present your findings as a1-2 pages Word document formatted in APA style.
describe whether the determination of the current value of the long-term assets is subjective or objective. Illustrate what is the best that can be achieved in such a determination?
The company wants to have a minimum of $50,000 cash balance at the end of each quarter and assume cash is borrowed at the beginning of a quarter and repaid at the end of a quarter
Evaluate how these losses will affect the taxable income of the two owners
Presented below is a comparative balance sheet for Bogues Corporation for 20X7 and 20X6. Prepare a horizontal analysis of Bogues Corporation's balance sheet.
In 2011, Julia is single and earns a salary of $65,000. Her allowable deductions for adjusted gross income total $1,200 and she has $4,200 of allowable itemized deductions. What is Julia’s taxable income?
What is the operational cash flow, what is the investing cash flow and what is the financing cash flow
How could a continued depreciation of the Thai baht affect Blades? How would it affect Blades relative to US exporters invoicing their roller blades in US Dollars?
Examine the operations of each company. How is the company doing in this present economic environment? Is the world economy affecting the company? How?
She has a large amount of income from other sources and is in the 35% marginal tax bracket. Would Jane's tax situation be better if Good Co. Were a proprietorship or a C corporation? Explain why."
Evaluate net cash outflow results from the purchase of merchandise from the foreign customer?
Prepare an income statement, including earnings-per-share data, giving supporting computations. Caribou Inc. has 130,000 shares of common stock outstanding.
Illustrate what adjusting entry would you need to make, assuming you decided to allow the maximum amount of revenues for 2009, using modified accrual accounting?
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