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Question 1) What is the rationale for the calculations/process used to estimate the $180,000 uncollectible allowance?
Question 2) How do you think the misstatement of funds will impact the income statement and balance sheet?
Question 3) What is the ethical dilemma you face? What are the ethical considerations? Consider your options and responsibilities as assistant controller.
Question 4) Identify the key internal and external stakeholders. What are the negative impacts that can happen if you do not follow the instructions of your supervisor?
Question 5) What are the potential consequences if you do comply with your supervisor's instructions? Who will be negatively impacted?
Determine the amount of revenue that Eagle would record in May for the sale of apparel, and the amount of revenue deferred for the customer options
Most of the time we talk about segregation of duties in manual transactions. Do you think this key internal control is relevant in the IT control space? If so, any examples of conflicting duties being performed by technology personnel ?
Presented below is information related to Russell Corporation for the month of January 2012. Cost of goods sold $202,000 Salaries and wages expense $ 61,000 Freight-out 7,000 Sales discounts 8,000 Insurance expense 12,000 Sales returns and allowan..
calculation of estimated allowance for doubtful accounts.the draber company uses the allowance method based on the
Special issues may exist in the reporting of cash flow, contributions, exchange transactions, pledges, and contributions of service, when not-for-profits are involved. Discuss the differences between not-for-profit organizations and for-profit and fr..
(Single-Step Income Statement) The financial records of LeRoi Jones Inc. were destroyed by fire at the end of 2014. Fortunately, the controller had kept certain statistical data related to the income statement as follows.
a. Calculate the present value of the corporate bonds if rates increase by 2 percentage points. b. Calculate the gain or loss on the corporate bond position.
question 1how does goodwill arise and come to be reported on the balance sheet? how is the amount calculated? what does
In its December 31, year 1 consolidated balance sheet, what amount should Wright report as intercompany receivables?
The standard cost of Product B manufactured by Pharrell Company includes 2.6 units of direct materials at $5.5 per unit. During June, 27,200 units of direct materials are purchased at a cost of $5.45 per unit, and 27,200 units of direct materials are..
Mr. Dimitry owns 1000 shares of equity. What is his cash flow in its current capital structure (leveraged D/E = 2.3) What will be his cash flow in the proposed capital structure (levered) if he keeps all his 1,000 shares
Hernandez Builders has a gross payroll for June amounting to $400,000. What is the amount of net pay recorded by Hernandez? Make the journal entry to record the payroll.
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