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1. Man dive Corp., in accordance with iGAAP, applies revaluation accounting to plant assets with a carrying value of $400,000, a useful life of 4 years, and no salvage value. At the end of year 1, independent appraisers determine that the asset has a fair value of $360,000. Prepare the entries to record this revaluation and depreciation, assuming straight-line depreciation.
In preparing a statement of cash flows for the year ended December 31, 2011, for Cole Company, cash flows from financing activities would reflect
s company reported net income for 2011 in the amount of 460000. the companys financial statements also included the
1.Wardell Company purchased a mini computer on January 1, 2011, at a cost of $40,000.
Bonadio Ekectrical Supplies distributes electrical components to the construction idustry. The company began as a local suookier 15 yrs ago and has rwon rapidly to become a major competitor in the north central US.
crede inc. has two divisions. division a makes and sells student desks. division b manufactures and sells reading
Dynamo Corporation manufactures toasters. Each toaster comes with a five year warranty.
Prepare the journal entry to record the issuance of the bonds and the related bond issue costs incurred on January 1, 2009. Prepare a bond amortization schedule up to and including Januayr 1, 2013, using the effective interest method
find an example of an impairment of PP&E or a significant gain or loss (large enough to have an effect on the reported numbers) on the disposal of an asset by a publicly traded firm.
the internal revenue code allows some accountable events to be considered differently for income tax reporting purposes
Compute the amount of contribution margin that will be obtained per hour of labor time spent on each product. (Round your intermediate calculations and final answers to 2 decimal places.)
Write a paper that describes the main aspects of the regulatory environment which will protect the public from fraud within corporations, Pay particular attention to SOX requirements. Assume your reader already knows SOX law - do not repeat it in..
For this last course project assignment you will explore the company-level valuation. Using the same company that you have analyzed throughout the course, prepare a paper that discusses the following items.
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