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In generating theories of accounting based upon what accountants actually do, it is unspecified (often implicitly) that what is done by the majority of accountants is the most suitable practice. In adopting such a perspective there is, in a sense, a perspective of accounting Darwinism-a view that accounting practice has evolved, and fittest, or perhaps ‘best', practices have survived. Prescriptions or advice are given to others on the basis of what most accountants do-the ‘logic' being that majority of accountants must be doing the most appropriate thing. So what do you think of the logic of such an argument?
Increase in sales related to the increase in inventory- is the increase in sales related to the increase in inventory?
How much cost, in total, would be allocated in the first stage allocation in the fabricating activity cost pool and During March, 52,500 units were started and 50,000 were completed and transferred out of the department.
Prepare the year-end entries for any amounts that could be recorded as a result of each of the above contingencies.
Write the journal entry to show the effects of (a) signing the note and the receipt of the cash proceeds on Aug 1, 2009. (b) Recording the interest expense for the month of September. (c) Repaying the note on December 31, 2009.
Preparation of income statement and deriving operating cash flows and For the month of August, 2006, net cash flows from operating activities for Waldorf were?
Using only the amounts given calculate net cash provided by operations, both without as well as with the reclassification of the receivables. Which reporting makes Moss look better
Purpose the journal entries needed in the Capital Projects Fund to account for the above transactions. Manage closing entries.
Evaluate the maximum amount the Cologne Division would be willing to pay for the bottles - General transfer pricing rule, maximum amount willing to pay as transfer price
Determine the per unit cost amounts before you prepare the 3 flexible budgets. This is asking for a flexible budget for a very specific item.
Do you agree with the CFO? If so describe how SOX 404 and CEO/CFO certification removes the need for an internal audit function. If you don't agree, describe what an internal audit function adds beyond SOX 404 and CEO/CFO certification.
Determine over or under applied overhead from the facts - Bowater's amount of overapplied or underapplied overhead would be (round the rate to two decimal places)
Calculate the IRR of the trade-in. (i.e., compute the IRR of the relative cash flows and Plot a graph showing the profitability of the investment depending on number of units sold.
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