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Very Briefly describe the following concepts and for each one explain using an example how each concept may cause a distortion in doing Financial Analysis within a single company or across different companies. There is no single right answer or example of how a distortion may occur. Rather there are many. Think through the concept and pick an example.
1. Non controlling Interest
2. Equity Income
3. An operating lease VS a Capital lease relative to the balance sheet
**Very briefly describe the major change to accounting for Goodwill when the pooling of interest was eliminated
What is the total of consolidated cost of goods sold and What is the total of consolidated revenues, What is the consolidated total for inventory at December 31, 2011?
abc co. has the following information relating to some errors that were discovered regarding their income statement in
database research strategies include defining the research necessary to answer the research question. consider the
when applying overhead to products in an activity-based costing system a. cash or a liability is debited and
runheavy corporation rhc is a corporation that manages a local rock band. rhc was formed with an investment of 10000
present value what is the present value of a. 8000 in 10 years at 6 percent? b. 16000 in 5 years at 12 percent? c.
Prepare the July 31 journal entry for Red Brick Inc. capturing repayment of the entire note and interest.
Prepare the necessary journal entries for the years ending December 31, 2011, 2012, and 2013. Show all computations.
Let's say that you were one of the auditors auditing Enron and you found out that they were engaging in unethical accounting practices and that their financial situation was not as it seemed, What would/should u, as an auditor do? Brief answer...3..
hatch company has two divisions o and e. during the year just ended division o had a segment margin of 9000 and
Jake Smith opened his Balinese coffee shop business in downtown Boise on January 1st 2010. On December 31st, 2010, he sat down with his accountant to figure out how his business had done in its first year and heaved a sigh of relief when his accou..
The Governmental Products Division's divisional segment margin is $255,000 and the Export Products Division's divisional segment margin is $59,800. The total amount of common fixed expenses not traceable to the individual divisions is $163,700. Wh..
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