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What are examples of irregular items? How does a change in accounting principles affect the financial statements? Who in the organization is responsible for the application of a change in an accounting principle? Why?
A barn, destroyed by fire, had a basis of $40,000. The owner received $50,000 in insurance proceeds. The barn was replaced by another barn costing $45,000. The basis of the new barn is:
during the past several years the fasb has attempted to strengthen the theoretical foundation for the development of
What are the differences between fair value can flow and foreign currency hedges? What is the difference between accounting for foreign currency transactions and foreign currency translation?
Who are the stakeholders in this case. Does the president's request pose an ethical dilemma for the controller? Should the controller be concerned with the company's growth rate? explain
dim witt is the county commissioner of clueless county. he decided to institute tolls for local ferry boat passengers.
calculate the amount of the child and dependent care credit allowed for 2008 in each of the following cases assuming
On January 1, 2004, Foster Company sold property to Agler Company which originally cost Foster $570,000. There was no established exchange price for this property.
a trial balance taken at year-end showed total credits exceeding total debits by 4950. this discrepancy could have been
The Green Company uses the completed-contract method for construction projects. During the third year of a project, construction costs rose unexpectedly, and the company realized it would incur a loss on this project of $100,000. Prepare the nece..
this makes no sense at all said bill sharp president of essex company. we sold the same number of units this year as we
kip started a wholesale store this year selling bulk peanut butter. in january of this year kip purchased an initial
penray uses a standard costing system in evaluating production operations. the company has had a number of problems
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