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A colleague has asked you for advice. She was checking to see if a company is in compliance with its loan agreement that requires the company to maintain a return on equity of 10% or more. This year, the company reported a return on equity of 10.01%. But the company also reports a substantially lower balance in the Allowance for Doubtful Accounts than in the three prior years. Your colleague asks if the company is playing accounting games to maintain compliance. Do you think (a) the evidence is consistent with manipulation, (b) a low balance in the Allowance would actually make ROE go down, or (c) ROE is not affected by changes in the Allowance? Explain your answer. Return on equity compares net income to average stockholders' equity. Ignore taxes in your answer.
an accounting method whereby the investment is recorded at total cost and the investment account balance is
starfleet corporation has one temporary difference at the end of 2012 that will reverse and cause taxable amounts of
an 80-room motel forecasts its average room rate to be 68.00 for next year at 75 occupancy. the rooms department has a
Assuming no impairment in value prior to transfer, assets transferred by a parent company to another entity it has created should be recorded by the newly created entity at the assets:
Dolan Manufacturing Company's accounting records reflect the following inventories:
nick and jolene are married. nick is 64 and retired last year from his job with amalgamated company.jolene is 56 and
weinberg canning produces fillets smoked salmon and salmon remnants in a single process. the same amount of disposal
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a. What is Clear's DPGR per unit?b. Its QPAI?
Mortonson Corporation factored, with recourse, $300,000 of accounts receivable with Huskie Financing. The finance charge is 3%, and 5% was retained to cover sales discounts, sales returns, and sales allowances. Mortonson estimates the recourse obl..
santana rey is considering the purchase of equipment for business solutions that would allow the company to add a new
Prepare an August 31 trial balance for Pose for Pics. Begin by opening these T-accounts:
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