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Question :
Choose a public university system and review the audit report and financial statements for the system.
Prepare a three to four page paper in which you:
1. Check and analyze the employee pension plan disclosures in the financial statements. Determine the impact of the GAASB proposed changes to the pension liabilities on the financial statements of the institution.
2. Check and analyze the economic conditions that may affect the future growth and success of the institution.
3. Review and determine the treatment of federal grants such as supplemental grants, and Pell grants, and work study on the revenue reported for the institution.
4. Compare the treatment of endowments, restricted funds with GAASB, earnings on endowments requirements.
Ivory Corporation, a calendar year, accrual method C corporation, has two cash method, calendar year shareholders who are unrelated to each other. Craig owns 55% of the stock, and Oscar owns the remaining 45%.
Prepare, in good form, the bank reconciliation as of November and prepare, in good form, the required adjusting journal entries.
If the investment is of a type that produces a tax credit of 40% of the amount of the expenditure, explain by how much will Roger’s tax liability decline because of the investment?
question a. what is the significance of the information about sales person compensation to the audit of receivables and
Evaluate the cash payback period for each proposal. Arrange a differential analysis report, dated 15 th November of the present year, on whether the equipment should be leased or sold.
Prepare a horizontal common-size analysis with change in dollars, using March 31, 2012 and prepare a vertical analysis for the years ended March, 2012 and 2013
Assume that high means in the top third of the industry, average means in the middle third and low is in the bottom third. Based on this information, which company would you select? Explain you selection.
Prepare adjusting entry for this company to recognize bad debts under each of the following independent asumptions. Bad debts are estimated to be 2% of credit sales.
Illustrate what factors must Sam and SBT consider in determining the tax treatment of this distribution?
What is the efficient number of beehives to have in the orchard? Assume that the above table is common knowledge to both the orchard and beekeeper, that bargaining is costless, and that there are no other orchards or beehive owners.
Assuming that these two companies retained their separate legal identities, prepare a consolidation worksheet as of December 31, 2008 assuming the transaction is treated as a purchase combination.
Multiple choice questions on partnership and fundamentals of accounts - extraordinary item on the income statement?
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