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Consider Platypus Building Inc. uses the percentage of completion technique, what amount of gross profit would be recognized in 2013?
Comment on where the fixed asset and long-term liability associated with the capital lease would be recorded and the impact of the journal entries for a.
Calculate amount of fixed manufacturing overhead that will be included in ending inventory under full costing and reconcile it to the difference between income computed under variable and full costing.
You are working as an accountant for PS Group Ltd. Your directors have asked you to prepare the necessary consolidation journal entries (20 marks) and a report (20 marks) answering the following question about consolidation procedures.
Difference between GAAP used in financial statements and government regulation and Show the difference between GAAP being used in financial statements and government regulations being used in financial statements.
The city purchased new computer equipment costing $19,000 by paying $3,000 in cash and signing a long-term note payable for $16,000.
Explain how the annual report differs from the 10-K. What is contained in the yearly report that is not in the 10-K? What is contained in the 10-K that is not in the annual report
Knollwood Corporation issued $300,000 of 30-year, 8 percent bonds at 106 on one of its semiannual interest dates. The straight-line method of amortization is to be used. Illustrate what is the total interest cost of the bonds?
Prepare an income statement for the year ended December 31, 2007, which includes amounts for gross profit, income before income taxes, and net income.
Are the depreciation techniques used in the company's financial statements evaluated by existing income tax laws? If not, who is responsible for choosing these methods? Describe.
Why is it considered important to document the flow of an accounting information system and how does a document flowchart assist (i) an accountant, and (ii) a data security expert?
how much will the capital accounts of McCune, Oakley and Nall increases, correspondingly, due to the revaluation of the assets and recognition of goodwill?
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