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Assignment
Answer questions with APA reference
1. What is a conflict of interest? Please, provide an example you have encountered or are aware of from your business or personal life.
2. Assume an employee is responsible for purchasing an apartment complex on behalf of his company. The employee owns stock in the management company that operates the apartment complex. The employee does not let his company know about his stock ownership and proceeds to make the purchase. Why does this example represent a conflict of interest?
3. Management of a cellular phone company learns a new technical advance will occur within the next year that will make the company's current phones and related products obsolete. As a result, there is a strong chance the company will close. When financial statements appear for auditors, management does not reveal its knowledge of the new technology. In this case, what accounting and reporting concepts are involved?
4. What is the motivation for violating the generally accepted accounting principle of matching revenues and expenses? What is the result of committing this fraud?
The accountants feedback is very important especially when it comes to maintaining adequate internal controls. What type of backend controls are required in an AIS to ensure reliable financial statements? Please provide concrete examples.
Determine the book value per share of the preferred and common stock under two separate situations.
What would he the tax ramifications to the executives of not reporting earnings on their tax returns? Does Colleen have a responsibility to report the apparent fraud? Why or why not? If so, to whom should she report the fraud?
because of automation which component of product cost is declining?a. direct laborb. direct materialsc.
What IS THE TOTAL COST OF UNITS IN ENDING WORK IN PROCESS INVENTORY
You are to prepare a 5-page report on a philosopher/thinker of your choice and show clearly how his/her body of thought applies to, and informs ethical practices and conduct in accounting and business in general. The paper is to be well-referenced an..
What is the main distinction between perpetual and periodic inventory systems? Which type of system provides better internal control over inventory? Explain why.
Using the data classification scheme presented in this chapter, identify and classify the information contained in your personal computer or personal digital assistant. Based on the potential for misuse or embarrassment, what information would be ..
holtrop corporation has received a request for a special order of 9900 units of product z74 for 47.40 each. the normal
xyz company leased equipment to west corporation under a lease agreement that qualifies as a capital lease to west but
yukon bike corp. manufactures mountain bikes and distributes them through retail outlets in canada montana idaho oregon
why are drivers for long-haul cross-country moving companies e.g. allied van lines often franchised while moving
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