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Assume you are the accounting supervisor for the City of Secret Valley, and you discover a violation the city made regarding its bond indentures. The city has four bond issues outstanding, and the bond indenture for each requires a separate accounting. In error, a new entry level accounting clerk did not set up separate Debt Service Funds for each bond issue. It is the end of the current year, and you are responsible for preparing the annual report. In desperation, you go to your superior Janet Well the chief financial officer of the city, and ask her for guidance. She suggests you not worry about such a petty thing No one reads these reports anyway. What would you do?
demmert manufacturing incurred the following expenditures during the current fiscal year annual maintenance on its
Oxford Corporation began operations in 2012 and reported pretax financial income of $220,800 for the year. Oxford's tax depreciation exceeded its book depreciation by $36,800. Oxford's tax rate for 2012 and years thereafter is 30%.
As of February 1, actual overhead was underapplied by $500,000. Determine the cumulative amount of any overapplied or underapplied overhead at the end of February.
What was the amount of net cash provided by (used for) investing activities?
discuss why it is necessary for accountants to assume that an economic entity will remain a going concern. if an entity
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on february 1 2011 wolf inc. issued 10 bonds dated february 1 2011 with a face amount of 200000. the bonds sold for
a potential control for managing the risk of employee fraud is to send employees on mandatory vacations. explain the
Based on the e-Activity, evaluate the circumstances that contributed to the privacy violation, the consequence to the company to the breach, and management's response to the breach, indicating the appropriateness of the response.
parkins company produces and sells a single product. the companys income statement for the most recent month is given
stangle company manufactures ties. when 28000 ties are produced the costs per unit are direct materials 0.60 direct
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