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Describe two business sectors you might want to work in if you were an accountant and explain why in 150 to 200 words.
Research a specific company in one of the business sectors that interests you and describe how you imagine it might be to work there. Use 100 to 150 words for your description.
Which of the following would not be included in the Lease Receivable accounts?
Describe the following terms and their relative importance to stock issues: IPO, underwriter, spread, prospectus, underpricing.
A taxpayer, who uses the cash method of accounting for tax purposes, received income in 1989, 1990, 1991 and 1992 for illegal espionage activities performed in 1985.
Delray Technology is considering these two alternatives to finance its construction of a new $2 million plant:
On November 8, 2006, Power Corp. sold land to Wood Co., its wholly owned subsidiary. The land cost $61,500 and was sold to Wood for $89,000. From the perspective of the combination, when is the gain on the sale of the land realized?
When an MNC is considering financing a portion of a foreign project within the foreign country, the best method to account for a foreign project's risk is to:
Calculate the total dollar amount of discount or premium amortization during the first year (5/1/04 through 4/30/05) these bonds were outstanding. (Show computations and round to the nearest dollar.)
Most companies use historical cost to value property, plant, and equipment assets. What components make up historical cost? Provide an example of an asset's historical cost.
Everett, Miguel, and Ramona are partners, sharing income 1:2:3. After selling all of the assets for cash, dividing losses on realization, and paying liabilities, the balances in the capital accounts are as follows:
A corporation had stockholders' equity on January 1 as follows: Common Stock, $5 par value, 1,000,000 shares authorized, 500,000 shares issued; Contributed Capital in Excess of Par Value, Common Stock, $1,000,000; Retained Earnings, $3,000,000. Prepa..
Several accounts receivable in the accounts receivable master file are not included in the aged trial balance.
What is the minimum that partner Morse's creditors would receive if they have filed a claim for $50,000?
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