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Go to the website of the Financial Accounting Standards Board, www.fasb.org. Write a paper, in at least 400 words, that describes the mission of FASB, how it is organized, how it functions, and who grants the authority of FASB to issue accounting standards. Also, research the most recent accounting issues that FASB is taking into consideration.
valmont inc. experienced the following events in 2012 in its first year of operation. 1. received 20000 cash from the
a manufacturing company producing medical devices reported 60000000 in sales over the last year. at the end of the same
the bank account as a control device helps to protect cash. one of the requirements is to conduct periodic bank
your firm uses return on assets roa to evaluate investment centers and is considering changing the valuation basis of
In the fall of 2013, James went back to school to earn a masters degree. He incurred $7,000 of qualified educational expenses and his modified AGI for the year was $40,000. His Lifetime Learning Credit is:
Which of the following should be reported as a change in accounting estimate?
a local commuter bus service advertises that buses run every 15 minutes along a certain route. assume that the bus
Dee Corporation's profits on the land will be ordinary income. What are the tax consequences of the asset transfer and land sales if Gene contributes the land to Dee Corporation in exchange for all of its stock? What alternative methods can be use..
if management accountants dont have to follow gaap in their reporting and have the freedom of more customized
in december year one elizabeth phones the aids project of los angeles and charges a 1000 donation to the organization
Magnum Plus, Inc., is a manufacturer of hunting supplies. The following is a summary of the company's annual payroll-related costs:
in recent years companies have reduced what they offer for retiree heath benefits eliminated them or reduced their
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