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Microsoft Corporation presents its income statement in a variety of formats using both the currencies and the accounting practices of other countries in the "Analysis Tools" area of the investor section of their website.1-Compare the U.S., Canadian, UK, and Australian income statements.2-What features of the non-U.S. statements do you think are improvements on the U.S. statements?3-What features did you find to be confusing?
audits. between quarterly audits a company checks its accounting procedures to detect problems before they become
The estimated litigation expense of $1,000,000 will be deductible in 2011 when it is expected to be paid. Use of the depreciable assets will result in taxable amounts of $500,000 in each of the next three years. The income tax rate is 30% for all ..
smitty corp whose required rate of return is 10 is considering the purchase of a new piece of equipment. the internal
the inventory at may 1 and the costs charged to work in process-department b during may for stella company are as
Which is the better investment-common stock with a par value of $5 per share or common stock with a par value of $20 per share?
on july 1 2013 apache company sold a parcel of undeveloped land to a construction company for 3100000. the book value
1. pimples signs a contract to purchase a parcel of land. the contract recites that 44 acres are being sold. it
Formulate your own opinion on the proper treatment for the $5,000,000 commercial paper based on your reading in the text. Explain how you think the item should be reported and give text pages to support your conclusions.
Detailed audit procedure:Select a sample of sale from the sale journal
in this mini-case you will read about a willis and adams staff auditor who is confronted with an ethical challenge. you
Which financial statement requires input from the income statement and statement of retained earnings. Also what information does this financial statement provide
A machine which cost $300,000 is acquired on October 1, 2012. Its estimated salvage value is $30,000, and its expected life is eight years.
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