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How could you improve internal controls over the assets that you own? Using examples of weak internal controls in an organization that you are familiar with, how would you improve those controls to better safeguard a company's assets? Would these internal controls differ with a different type of business? In the wake of accounting scandals over the past several years, how has the Sarbanes-Oxley Act (SOX) of 2002 affected the practice of accounting? What is the role of internal controls in complying with SOX (2002)?
Record both depreciation for 2013 and sale of the fixtures on October 31, 2013
phoenix company reported sales of 430000 for year 1 480000 for year 2 and 530000 for year 3. using year 1 as the base
Accounting Information Systems
for 2012 an investment center of lawson company reported operating income of 420000 on total operating assets of
in june of this year dr. and mrs. alvin lord traveled to memphis to attend a three-day conference sponsored by the
irma watts and john lyon are forming a partnership to which watts will devote one-half time and lyon will devote full
For the fiscal year,sales were $5,280,000,sales discounts were $100,000, sales returns and allowances were $75,000 and the cost of the merchandise sold was $3,000,000. (A) what is the amount of net sales?
under lamprey companys job-order costing system manufacturing overhead is applied to work in process inventory using a
Stahl Consulting started the year with total assets of $20,000 and total liabilities of $5,000. During the year, the business recorded $16,000 in catering revenues and $8,000 in expenses.
a your company is constructing a factory building for its own use and takes out a 2 million loan 10 interest rate from
Determine whether or not the measurement of net income for a merchandising company conceptually is the same for a service company.
Explain this type of revenue recognition transaction, and what factors should be considered in determining when to recognize revenue in this transaction?
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