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On November 1, Bob's Skateboards signed a $12,000, 90-day, 5% note payable to cover a past due account payable. Required: a. What amount of interest expense on this note should Bob's Skateboards report on year-end December 31? b. Prepare Bob's journal entry to record the issuance of the note payable. c. Prepare Bob's journal entry to record the payment of the note on February 1 of the following year.
examine the ethical issues and dilemmas. rank-order the issues in terms of their negative impact on both business and
Discuss the challenges related to comparing financial statement prepared in different accounting methods. For example, US GAAP and IFRS.
Which of the following financial statements is rarely the object of vertical analysis?
What are some advantages and disadvantages of delegation Why do some managers choose not to delegate What has been your experience with delegation What did you learn from that experience
If the company can not cut costs any lower than they already are what would the profit margin on sales be if they meet the market selling price
Two measures of horizontal analysis-for example, compute the total change in assets by percentage, by dividing current assets in 2005 by current assets in 2004. Compute a similar percentage for current liabilities.
Compute the rate of return for each division using the return on investment (ROI) formula stated in terms of margin and turnover. Which divisional manager seems to be doing the better job? Why?
Actual litigation by the client against the auditor for an amount not material to the auditor or to the financial statements of the client arising out of disputes as to billings for tax services.
Accounts Receivable can use most Confirmations if conditions allow Vouching entries to sales documents Inquiring about related parties Reperformance of aging analysis, bad debt estimates Which Types of Tests?
What are the differences among transaction, translation, and economic exposures? Should all of them be ideally reduced to zero?
Upper Darby Park Department is assuming no tax consequences. If Upper Darby Park Department has a required rate of return of 10%, which of the following is closest to the present value of the project?
The following financial statements of William Ltd and its subsidiary Adam Ltd have been extracted from their financial records at 30 June 2012.
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