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An asset costing $10,000 was reclassified from the GeneralCapital Assets accounts of a governmental unit to the governmentalunit's enterprise. What effect would this reclassification have on the General Fund and the Enterprise Fund, respectively?
Using Ocean's financial information, calculate relevant preliminary analytical procedures (e.g., ratio tests, and other financial statistics) to obtain a better understanding of the prospective client and to determine how Ocean is doing financiall..
You have been hired as a consultant for XYZ Research Co. XYZ Research Co. incorporated in 2010. XYZ 's business centers on developing new technology for interplanetary exploration.
Post Inc, had a receivable from a foregn customer that is payable in customer's loca currency. On Dec 31, 2009, Post correctly included this receivable for 200,000 local currency units
Define the management's discussion and analysis. Describe in a memo, the major items disclosed in this section of the financial report.
This week, Airbus announced it was building new plant in Alabama. Can you aid me in answering the following questions based on information in conjunction with Foreign Direct Investment.
Why are budgets useful in the planning process? a) They provide management with information about the company's past performance. b) They help communicate goals and provide a basis for evaluation.
Find two annual reports from competing publicly traded companies of your choice. Prepare an overview of the two companies including a brief synopsis of the industry the companies are in, the market share each company holds, and the length of time ..
Accompanying the bank statement was a debit memorandum for bank service charges. On the bank reconciliation, the item:
Assume the balance in the lease payable account is now $75,000 after amortizing the final $95,000 payment on the $625,000 capital lease in question 1. If the acutal residual value and the guaranteed residual value are the same, record the return o..
Windsor advertising company's trial balance for december 31 shows advertising supplies $6700 and advertising supplies expense $0.on December 31,there are 2700 of supplies on hand. prepare the adjusting entry at December 31.
What is the purpose of GAAP in the accounting cycle? Is it possible to deviate from GAAP and still prepare financial statements?
Issued 5,000 ordinary shares at P45 per share, less cost related to the issuance of the share totalling P7,000.00
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