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1. Find the discussion of depreciation methods in the notes section in your 10-K. What methods are used? Discuss why that method/those methods were selected by your company, and whether or not you agree with those selections.
2. The Balance Sheet just has one line for net property, plant, and equipment. Find the detail behind this number in the notes section. What assets are included in this number? Which of these assets is the largest? Does it surprise you, or does it seem consistent with what this company does? How much is accumulated depreciation at the recent year-end? How much is your accumulated depreciation as a percent of gross property, plant, and equipment? Is that percentage high or low, good or bad.
2. Does this company have any unearned revenue? If so, on what financial statement did you find it? What did the Notes or Accounting Policies sections tell you about it? Were you able to ascertain at what point the unearned (deferred) revenue turns into revenue?
3. Take a look at the financial statements. What is your opinion on how Starbucks is performing? Are they doing better this year than last year? Is there anything surprising to you in their financial statements?
What are the primary documents supporting a job order costing system and what purposes are served by each of them and how does information from a job order costing system support management decision making?
Calculate the amount to be debited or credited for equipment during the preparation of the 2008 consolidated financial statements.
carl warren tina chester owns and operates pinebush print co. during september pinebrush print co. incurred the
transactions for fixed assets including salethe following transactions adjusting entries and closing entries were
Colaw Supply purchased machine at a cost of $72,000 on January 2, 2000. It originally had an estimated life of 10-years and a salvage value of $12,000.
The company applies overhead on the basis of 125% of direct labor costs. Calculate the amount of over- or underapplied overhead.
pattillo industries makes a product that sells for 25 a unit. the product has a 5 per unit variable cost and total
Analysts often take a short cut in estimating a firm's cash from operations: they just add depreciation back to net income. What is the greatest shortcoming of this approach?
Prepare the journal entry for the issuance when the market price of the common shares is $ 168 each and market price of the preferred is 210 each. (Round to nearest dollar.)
bloom corporation had the following 2014 income statementsales
Compute operating income for April, May and June under variable costing
There were 1,000 units in beginning goods in process inventory, and they were 70% complete with respect to both direct materials and conversion costs. Calculate the equivalent units of production for the month, assuming the company uses the weight..
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