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1. After the end of the reporting period, a contingency comes into existence. Under what circumstances, if any, should the contingency be reported in the financial statements for the period ended?
Assignment Question
1. your brother is short on cash and cannot pay his rent this month. you pay his rent for him. is this taxable income
A bond with a face value of $10,000 is issued at a discount of $800 on January 1, 2014. The face rate of interest on the bond is 7%.
construct pty ltd uses the percentage of completion method of accounting for construction contracts. in 2011 construct
How is an extranet different from the Internet?
all of the following questions are true false questions.1. one potential problem with using return on investment roi
The company sold 600 tires during the year. Make the journal entry necessary to record warranty expense for the year.
Security A has an expected rate of return of 6%, as standard deviation of returns of 30%, a correlation coefficient with the market of -0.25, and a beta coefficient of -0.5. Security B has an expected return of 11%, a standard deviation of returns..
1. which of the capital budgeting techniques do you think is the most accurate? why?2. why do we have to discount a
A machine cost $80,000, has annual depreciation expense of $16,000, and has accumulated depreciation of 40,000 on December 31. On April 1,2011 when the machine was fair value of 32,000, it is exchanged for a similar machine with a fair value of 96..
at the beginning of the year a companys current ratio is 2.2. at the end of the year the company has a current ratio of
The company had no amortization charges, it had $3,150 of bonds that carry a 5.25% interest rate, and its federal-plus-state income tax rate was 35%. How much was Edwards Electronics net operating cash flow?
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