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A) Prepare easy fictitious financial statements
B) Write notes for the fictitious annual report.
Note 1: important Accounting Polices
Notes 2-10+: Consisting of at least the items below.
InventoryProperty, Plant, & EquipmentContingencies and LiabilitiesChanges in Accounting Principles or EstimatesPost Balance Sheet EventsMergers and AcquisitionsLease ObligationsEPSLong-Term DebtEmployee Pension Obligations
The notes will then include detailed information about at least 10 different items that are regularly contained in the notes to the financial statements.
The student will gain experience in writing business topics and require to have detailed information provided in the notes to financial statements.
Evaluate the detail information that should be included in Notes 2-10+. It is important to understand the difference between information furnished in Note 1 and a separate note detailing information for the subject of the individual notes.
Advantage of this allocation scheme over allocating actual costs based on actual usage, Compute the variable utility cost per unit, to the nearest cent
How is job costing in service organizations different from job costing in manufacturing environments?
Find how much is included in the gross estate if the 2032 election is not made and Evaluate how much is included in Arlene's gross estate?
Evaluate the manufacturing cost per unit for each product produced in July 2011.
What is the incremental income associated with accepting the special order? Evaluate the incremental revenue associated with accepting the special order?
Describe whether this transaction meets the requirements for a "Type C" reorganization, this transaction the qualifications of a "Type C" reorganization.
With an annual production rate of 5,000 units, how long will it take to reach break-even point of using automated equipment?
Evaluate what is the ROI for the Shellfish Division, before and after the proposed purchase of Shrimp Inc and find what is the residual income for the Shellfish Division, before and after the purchase of Shrimp Inc.?
Write a statement of cash flows for 2011 for Farmer Company
Monsivais Corporation, a manufacturing company, has provided the following financial data for Februar. The company had no beginning or ending inventories. Evaluate the contribution margin for February
Determine the overhead allocation rate using the present traditional volume-based allocation method. Evaluate the total manufacturing cost per unit of each customer using the present allocation method.
Purpose the Income Statement for the year ended December 31, 2008 and Prepare the Statement of Retained Earnings for the year and purpose the Balance Sheet at December 31, 2008.
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