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Find an article on the use of spreadsheets in Accounting Information Systems. Articles should address current technologies and/or emerging trends. Discussions should focus on the security of the data and internal controls, not the efficiency of operations. Do not merely summarize the article. Instead, offer your own opinion on whether you think the risks can be controlled effectively. Include the web link for your researched article at the end of your first post.
Christine Ewing is a licensed CPA. During the first month of operations of her business (a sole proprietorship), the following events and transactions occurred. Journalize the transactions in the general journal.
Which of the following assets would be considered 1231 property?
Is a restaurant a manufacturing or a service business? Please support your opinion with concepts from our chapter and other sources, referring to variable and fixed costs and examples of items in the three manufacturing inventories. Also, include ..
Prepare journal entries to (1) establish the fund on January 1, (2) reim- burse it on January 8, and (3) both reimburse the fund and increase it to $500 on January 8, assuming no entry in part 2.
Describe the benefits accruing to company that is traded in public securities markets. What are the disadvantages to being public?
Which of the following statements is correct regarding the taxation of C corporation?
In its first month of operations, Quirk Company made three purchases of merchandise in the following sequence: (1) 300 units at $6, (2) 400 units at $7, and (3) 200 units at $8.
Rumpole Company produces a special spray nozzle. The budgeted indirect total cost of inserting the spray nozzle is $100,000. The budgeted number of nozzles to be inserted is 25,000. What is the budgeted indirect cost allocation rate for this activ..
The enacted tax rate increased to 30 percent in Year 2 compared to an enacted rate of 20 percent in the prior year. At December 31, Year 2, the company would record a deferred tax expense of:
Compute the fixed overhead variance. (Indicate the effect of variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (i.e., zero variance). Input the amount as positive value. Do not round your intermediate calculati..
High Sounds manufactures wind chimes that have a standard material cost of 2 pounds of raw materials at $1.50 per pound. During March, 10,000 pounds of raw materials costing $1.55 per pound were used in making 4,800 wind chimes. What is the (1) ma..
Make all journal entries necessary on Candra Christensen's books in 2011, 2012, and 2013 to record the forward contract and the purchase of the lobster. For purposes of estimating future settlement payments under the forward contract, assume that ..
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