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Use the Codification to identify accounting authority (location within the Codification) governing each of the following:
The accounting for prepaid advertising
The accounting for reclassification of short-term debt to long-term debt
The accounting for accelerated depreciation
The accounting for the range of an estimated loss contingency
The accounting for a reporting period
The accounting for factoring of trade receivables with recourse
Bateman Light began operations in 20X1. The company sometimes sells used warehouses on an instalment basis. In those cases, Bateman Light reports income in its income statement in the year of the sale, In its income tax return, though Bateman Light r..
The government has many sources of regulations for operation (e.g., creating financial statements). List three categories of regulations and specific examples for each category.
Currently directors, not shareholders, have the right to manage corporate business. What might happen if shareholders won part of that role? What are your thoughts on the wisdom of letting shareholders have decision-making power in a corporation?
Define preferred habitats. Explain how this modification affects the expectations theory.- What could cause market segmentation based on preferred habitats to break down?
What is the net advantage or disadvantage of re-working the keyboards?- What amount of shipping department costs should be allocated to these sales.
Discuss the impact that other factors might have. For example, would increasing the quantity of inventory increase costs? Would a salary cut affect employee morale? Would decreased morale affect sales?
Determine the contribution margin in dollars, per unit, and as a ratio.Using the contribution margin technique, compute the break-even point in dollars and in units.Compute the margin of safety in dollars and as a ratio.
Prepare journal entries for the January transactions. Prepare adjusting entries at January 31 for the salaries expense, payroll tax expense, and notes payable.
with the remaining net income divided equally. Net income for the current year was $50,000. Present income division section of the income statement for the current year.
Explain why do you think the IRS has put limitations on the amounts we can contribute to these qualified plans? Please discuss and give examples.
Complete the flexible manufacturing budget for the relevant range value using 20,000 unit increments. All areas needed filled in except for gray shaded areas.
Finding the equivalent units for materials and conversion - Determine the costs per equivalent unit for May?
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