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Assignment
Summarize the events of a recent accounting scandal. Identify how the illegal or unethical act was detected and describe the punishments that resulted (fines, prison terms, etc.). Consider what could have been done to detect this act earlier or to prevent it from happening in the first place. Select a different example than those listed in previous posts.
The basis of the land in the corporation's hands is $68,000. What are the consequences to the corporation and the shareholders as a result of this distribution?
On December 31, 2011, Henry, a sole proprietor, sold for $65,000 a machine that was used in his business. The machine had been purchased in 2003 for $50,000, and when it was sold it had an adjusted basis of $30,000. For the year 2011, how should t..
you are a hometown accountant. the capital project fund has just been created to account for resources received and
What are the major types of transactions in the Purchasing Cycle? Discuss one control activity in each type of transaction.
Prepare the appropriate entries for both the lessee and lessor to record the second lease payment, executory costs, and depreciation (straight line) on December 31, 2011.
Assuming fixed costs remain unchanged, and that there would be no adverse effect on other sales. What will be the effect of dropping Football Helmets line on the operating income of the company?
What are some of the benefits organizations seek to achieve through using information systems?
The performance sharing plan also used two other critical values: the earnings from operations threshold amount and the earnings from operations stretch target. The targets for 1994 are shown here:
Many states base their estate tax laws on the federal tax system. Since the end of 2004 some states have decoupled from the federal estate tax.
demand for a popular athletic shoe is nearly constant at 900 pairs per week for a regional division of a national
If there are any outliers in any category, please list them and state for which category they are an outlier. Describe which method you used to make your determination.
Investment in working capital needed to service the project is treated in the net present value method as:
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