Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
Discussion Board
Anne Marie is the owner of Anne's Beauty Salon, Inc. Her accountant prepares a monthly financial statement for her business. She doesn't like to ask him questions about it. She would rather ask you as you are her friend and since she knows that you are taking an accounting course, she asks you the following questions:
1. What does net income mean on the income statement? If I have enough cash at the end of the month then I assume I made money. This concept of net income seems complicated.
2. My accountant told me that the balance sheet shows assets = liabilities plus equity. What does that mean?
3. I don't understand what the Statement of Retained Earnings is all about. What is retained earnings?
How would you respond to each of these questions?
hillyard company an office supplies specialty store prepares its master budget on a quarterly basis. the following data
Compute Gross and Net Sales for March and compute the March 31 ending merchandise inventory value.
The GoodTaste Club collected recipes from members and published a cookbook entitled Eat 'Em Up. The book will sell for $31 per copy. The chairwoman of the cookbook development committee estimated that the club needed to sell 8,100 books to break even..
The corporation assumed a liability of $50 on the property transferred. Illustrate what is Antoine's tax basis in the stock received in the exchange?
1. discuss the revenue principle and the matching principle as per the generally accepted accounting principles gaap.
Specialty spark plugs are selling for an average price of $20 and are expected to cost $8 to manufacture with the new equipment. Indirect costs are expected to remain the similar.
The allocation base determines whether a cost is classified as direct or indirect.The same cost cannot be classified as both direct and indirect.Relevant costs can include direct and indirect costs.
A company has a zero-coupon bond outstanding, with face value 1,000 and a 3 year maturity. The bond is risky with a beta of 0.7. The risk free rate is 2% and the market risk premium is 6%. There are two equally likely scenarios at maturity:
Determination of NPV and Selection of project based on NPV and Suppose that EXRON can borrow the necessary funds in the money and capital markets to make this investment at a cost of 15%. Should it proceed with the project?
1. _________ standards can be applied to both manufacturing and service firms using the same methodology. SPC provides input to the _________ approach.
Purpose a statement of cash flows, using the direct method to show cash flows from operating activities.
For the purposes of equity accounting for an investment in an associate, it is presumed that the investor has significant influence over the other entity where the investor holds
Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!
whatsapp: +1-415-670-9521
Phone: +1-415-670-9521
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd