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A friend of yours who is not an accountant heard a story on the news about revenue recognition fraud and doesn't understand what that means.
Research the Internet to find a relevant article about revenue recognition fraud from an accounting publication or authoritative source regarding revenue recognition fraud.
In your own words, please post a response to the Discussion Board and comment on other postings. You will be graded on the quality of your postings.
Should Gray make the gift of the land to charity in 2010 or in 2011? Provide support for your answer.
Included in income for the period was an extraordinary loss from flood damage of $50000 before deducting the related tax effect. The company's income before income taxes and extraordinary items was?
Prepare absorption and contribution margin income statements for the succeeding quarter for the division and compute production costs per unit for both approaches and for both quarters.
Prepare the consolidated financial statements for 20X3 using the direct method.
Computation of break-even-point and contribution margin ratio - Breakeven Point, Cost Structure, and Target Sales
What total amount of expenses relating to these two items should Philo report in its quarterly income statement for the three months ended June 30?
Identify the type of cost accounting system - Prepare a flexible budget for manufacturing costs for activity levels between 8,000 and 10,000 units, in 1,000 unit increments.
Jan receives no reimbursement from her employer. Jan has an AGI for year of $50,000 and no other itemized deductions.
What potential or actual abuse was Congress attempting to curtail? Has Congress been successful in light of the fact that any suspended losses are ultimately allowed to be recognized upon the disposition of a passive activity?
What is the amount of write-down (if any) required using US GAAP? Calculate the write-down on both an individual and a total inventory basis.
Riney did not acquire any of these shares. Illustrate what is the balance in Investment in Garvin after the sale of the 10,000 shares of common stock?
The beginning and ending balances in salaries payable were $40,000 and $15,000, respectively. Illustrate what was the amount of cash paid for salaries?
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