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Panther Co. had a warranty liability of $357,000 at the beginning of 2011, and $302,000 at end of 2011. Warranty expense is based on 2% of sales, which were $55 million for the year. What were the warranty expenditures for 2011?
describe the process of tier diagramming and how it relates to root cause
budgeted amounts for the yearmaterials 2 leather strips nbsp nbspnbsp 6.00labor 0.5 hr. nbsp nbsp nbsp nbsp
After reviewing the percentage of completion method for revenue recognition, discuss some of the inherent problems related to misrepresentation of income that come with using this method. Provide some actions that could be taken (internal or ex..
sussman industries purchased a drilling machine for 50000 and paid cash. sussman expects to use the machine for ten
accrued salaries of 4950 owed to employees for december 30 and 31 are not comsidered in preparing the financial
solar products purchased a computer for 13000 on july 1 2010. the company intends to depreciate it over 4 years using
complete federal income tax forms for a married couple information provided in appendix a under the appendix and forms
Discuss what information the management accountant can provide:
The Feldbrand Corporation issued 300 shares of $200 par common stock at $220. Some time later the stockholders donated 100 shares which were retired. Prepare the journal entries under the par value method.
barley ltd produces a certain food item in a manufacturingprocess. on 1st november there was no opening stock in
aquaman stock has exhibited a standard deviation in stock returns of 0.7 whereas green lantern stock has exhibited a
Identify the limitation of the internal control system. Provide at least 3 limitations. Provide at least 2 examples of internal control procedures and explain how these procedures can be implemnted. Identify symptoms of a lack of internal control.
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