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Locate an article from a financial periodical from the past two years about a company that restated its financial statements due to an error in accounting principle. Examples of periodicals are CFO and Journal of Accountancy. Write a paper of no more than 700 words with references discussing the restatement of the company, the accounting principles involved, the effect of errors and changes on financial statements, and the effect on the stockholders. Format your paper consistent with APA guidelines.
How should this lease be classified (a) by Western Soya Co. (the lessee) and (b) by Rhone-Metro Industries (the lessor)? Why? Prepare the appropriate entries for both Western Soya Co. and Rhone-Metro on December 31, 2011.
Prepare any outstanding adjusting journal entries for the year ended March 31, 2013 and post them to the trial balance. Prepare all financial statements in good form for the year ended March 31, 2013.
Prepare a segmented income statement in the contribution format for the company. Omit percentages; illustrate only dollar amounts.
What expense could Sage Company record as a result of the facts above for the year ended 31 st December, 2012?
The contract calls for a payment of $0.6 million today, $0.8 million one year from today, and $0.8 million two years from today. Illustrate what is this contract worth today if the firm can earn 7.2 percent on its money?
What is the trend, in each company, in total revenues over the three years and what is the trend in profit margin over the three years?
Accounting fundamentals involves completion of accounting cycle and Barber-Williams, Inc. sells, installs, and services a variety of industrial equipment from several manufacturers.
What would your response be, drawing on concepts from this course. What is this designation? How do you get it? How might it help someone who has a commitment to a career in accounting.
Ignoring income taxes, determine the net present value for both assets. Which asset would you advise buying? Why?
Purpose Arturo's journal entry to record its acquisition of Westmont.
Based on the corporate valuation model, Hunsader’s value of operations is $300 million. The company has 10 million shares of stock outstanding. Illustrate what is the best estimate of the stock’s price per share?
Ohio Corp. reported a deferred tax liability of $6,000,000 for year ended 31st December, 2012, when the tax rate was 40%. The deferred tax liability was related to a brief difference of $15,000,000 caused by an installment sale in 2012.
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