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Prepare a 10 minute presentation on the following topic.
Using examples from post 2007 financial crisis, discuss whther lack of transparency was responsible for the failure of financial institutions?
Assume that you have joined the audit staff at Haskell & White and the partners seek
saturn issues 6.5 five-year bonds dated january 1 2011 with a 500000 par value. the bonds pay interest on june 30 and
lizard company purchased 1000 pounds of direct materials on account at 2 per pound. the standard price for direct
the capital accounts of hope and indiana have balances of 115000 and 95000 respectively. clint and casey are to be
At the December 31, 2010 balance sheet date, Unruh Corporation reports an accrued receivable for financial reporting purposes but not for tax purposes. When this asset is recovered in 2011, a future taxable amount will occur and
A local bank reported that it lost $150,000 as the result of employee fraud. Doug Steeber is not clear on what is meant by "employee fraud." Explain the meaning of fraud to Doug and give an example of fraud that might occur at a bank.
Compute (1) the contribution margin for the current and the projected year, and (2) the fixed costs for the current year. (Assume that fixed costs will remain the same in the projected year.)
argus company makes 2 products x and y. product x has a contribution margin of 6.00 per unit and product y has a
What is the net income for the current fiscal year? Is it up or down from the prior year? Why would this information be important to investors?
the prepaid insurance account had a beginning balance of 5000 and was debited for 2000 of premiums paid during the
Sage, Inc., a closely held corporation that is not a PSC, has a $140,000 passive loss, $85,000 of active business income, and $35,000 of portfolio income. How much of the passive loss can Sage deduct?
ms construction company contacted to construct a factory buildingfor 525000. construction started during 2008 amp was
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