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the specific audit procedure should be proformed, how does it affect risk of material misstatement and the nature of audit procedure you have chosen?
Equipment acquired on January 3, 2005, at a cost of $147,500, has an estimated useful life of eight years and an estimated residual value of $17,500. What was annual amount of depreciation for the years 2005, 2006, and 2007, using the straight-li..
Elucidate how dividends or dividend requirements on any class of preferred stock that may be outstanding affect the computation of basic EPS.
Elucidate why revenue recognition rules were violated based on the facts of the case. How do such violations relate to the standards for legal liability under the securities acts?
Describe GASB requirements for accounting for Investment Trust Funds, A discussion of when the use of investment trust funds is appropriate.
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?
Why does a company choose to do an IPO? What are some major concerns for the issuing company? Do you think choosing the right investment bank is a key to the success of the IPO?
The trustee has a $700 short term capital loss carryover starting prior year. Prepare a Form 1041, and any required Schedule K-1 for Barclay Trust. Ignore alternative minimum tax . The bond is not private activity bonds. Attach schedule to illustr..
The balance in Phillips Company's investment account on 31st December, 2003, was $54,000.
Capital budgeting Accounting rate of return and cash pay back period - Evaluiate the annual rate of return and (2) the cash payback period on the proposed capital expenditure
What are the ethical issues in this case, if any? Would you have any concerns if you worked for the accounting department? Can the system be improved? If so, how?
What is the noncontrolling interest's share of the subsidiary's net income for the year ended December 31, 2011 and what is the ending balance of the noncontrolling interest in the subsidiary at December 31, 2011?
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