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1. Accountants work for all sorts of governments, not-for-profits, and for-profit entities. How might their work differ between the three types of firms? How might it be similar? Would you prefer to work in a for-profit or not-for-profit environment? Why?
2. Internal control is important for all types of firms. What are normal procedures for internal control in governmental entities?
3. Why is the budget a far more important document for both governments than for businesses?
4. What is meant by "interperiod equity," and what implications might it have for financial reporting?
5. Why may the "matching concept" be less relevant for governments than for businesses?
6. Why are measures of "service efforts and accomplishments" of more concern for government than for businesses?
given the importance of proper system development what role should an accountant take in a development
Once the break-even point is reached:
The company can purchase the site, construct the building, and purchase all store fixtures
(Financial statements for an Investment Trust Fund) Based on the information below, prepare a statement of changes in fiduciary fund net position.
On 1st January, 1956, the XY Trading Company Limited issued debentures to the value of £50,000 repayable in twenty years. It was decided to create a Sinking.
Suppose your expectations regarding the stock market are as follows: State of the Economy Probability HPR Boom 0.3 44% Normal growth 0.4 14% Recession 0.3 -16% Compute the expected return and standard deviation of the HPR on stocks.
Explore how many shares of common stock are outstanding? Assuming there is a stated value, what is the stated value of the common stock?
1. what is a share?2. identify two advantages of a private placement of shares as compared with a public
company a maintains an accounts recevialedepartment that currently employs 8 people. they areinterested in doing an
1.Macy's, Inc. , operates about 810 Macy's department stores and furniture galleries.
disclosure notes related to a change in accounting principle under the retroactive approach should include1the effect
Josh's PhotoPlus reported net income of $73,000 for 2012. Included in the income statement were depreciation expense of $7,000 and a gain on sale of equipment of $2,500. Josh's comparative balance sheets show the following balances.
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