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FUND ACCOUNTING CASE PAPER ASSIGNMENT
The Government of the Bahamas has introduced a new VAT tax taking effect from January 1, 2015. To ensure the appropriate accounting treatment is applied in terms of accounting and financial reporting you have been asked as an external consultant to provide a summary of key accounting considerations and recommendations on how the Bahamas government should monitor compliance. Your summary should specifically address the specific areas noted below and be prepared in report form to the VAT Authority.
Required to talk on the following points:
A company believes it can sell 5,000,000 of its proposed new optical mouse at a price of $11.00 each. There will be $8,000,000 in fixed costs associated with the mouse. If the company desires to make a profit $2,000,000 on the mouse, what is the t..
assume that you deposited 100000 in a savings account paying an interest of 12 per year compounded monthly. you wish to
At the date of transfer, Demers records carried the equipment at a cost of $120,000 less accumulated depreciation of $48,000. Straight-line depreciation is used. Demers reported net income of $28,000 and $32,000 for 2006 and 2007, respectively.
a) Prepare a sales budget for 2013 under each plan b) Prepare production budget for 2013 under ea plan
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What is the cost of inventory in the current year? What was the net increase or decrease in cash flow from having purchased the foreign currency option to hedge this exposure to foreign exchange risk?
On January 1, 2014, Deng Company purchased an asset for $100,000. For financial accounting purposes, the asset will be depreciated on a straight-line basis over five years with no residual value at the end of that time. For tax purposes, the asset..
What are some factors that could explain the predominant use of the straight-line depreciation method?
which of the following is a question or questions asked when assessing task performance and group maintenance
Although only certain leases are currently accounted for as a sale or purchase, there is theoretic justification for considering all leases to be sales or purchases. The principal reason that supports this idea is that:
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