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Q1. Sarbanes Oxley is an added cost to any organization which has to comply with the regulation, yet gives investors more confidence in financial details. Compare the costs to the benefits to determine whether you are for or against this legislation. State your reasons with your answer.
Q1. Assume that you work as an accounting manager and notice that the number of bad debt has increased significantly over the past year. Discuss what factors might be yielding this result and how you would address the problem.
Q2. Pick any business and with this specific business in mind, discuss some possible "early warning signs" to indicate that this business needs to review its bad debt holdings.
raphael restaurant is considering the purchase of a 8400 souffleacute maker. the souffleacute maker has an economic
acme fireworks uses a traditional overhead allocation based on direct labor hours. for the current year overhead is
kingery sales company has the following selected accounts after posting adjusting entriesaccounts payable 62000notes
julia baker died leaving to her husband brent an insurance policy contract that provides that the beneficiary brent can
the red white amp blue partnership was begun with investments by the partners as follows red 129000 white 159000 and
mcminville corporation manufactures paper products. in 2007 the company purchased several large tracts of timber for 22
Frank Clarke, an employee of Smithson Company, was covered under a noncontributory pension plan. Frank died on April 15 2010 at age 64 and pursuant to the plan, his widow received monthly pension payments of 500 beginning May 1 2010.
fixed expenses are 913000 per month. the company is currently selling 9000 units per month. management is considering
the net income reported on an income statement for the current year was 58000. depreciation recorded on fixed assets
tampa foundry began operations during the current year manufacturing various products for industrial use. one such
prepare the issuers journal entry for each separate transaction.a on march 1 atlantic co. issues 42500 shares of 4 par
nordstrand companys net income last year was36000. changes in selected balance sheet accounts for the year appear
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