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If accounting were not regulated, we would not be facing the difficult problems that have arisen as a result of Enron and other corporate auditing failures. Do you agree with this statement? Explain.
During the current year, Garrison Construction trades an old crane that has a book value of $80,000 (original cost $140,000 less accumulated depreciation $60,000) for a new crane from Keillor Manufacturing Co. the new crane cost Keillor $165,000 t..
on january 1 2012 surreal manufacturing issued 600 bonds each with a face value of 1000 a stated interest rate of 3
provide an analysis and explanation of the role of the GAO.
write a memo describing the advantages and disadvantages of organizational forms. you may research sources regarding
assess the three procedures that are effective in identifying breakdowns in internal controls due to override and
A corporation has 50,000 shares of $28 par value stock outstanding that has a current market value of $160. If the corporation issues a 4-for-1 stock split, the market value of the stock will fall to approximately
Iris Corporation owns 30% of Fresia Corporation's stock. On November 15, Fresia Corporation, with current E & P of $320,000, distributes land (fair market value of $100,000; basis of $160,000) to Iris. The land is subject to a liability of $80,000..
many accounting writers have emphasized the effect that the allocation of fixed overhead can have on managerial
explain he 4 financial statements (descriptions, contents, forms of presentation).
First, prepare an income statement using the single-step approach. Then prepare another income statement using the multi-step approach.
Any plans to depreciate the operating assets on a straight-line basis for 20 years. Determine the amount of depreciation expense for 2010 on these newly acquired assets.
In what types of situations could it be appropriate to use equity-method reporting even though the investor does not hold voting common stock of the investee? Explain.
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