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1. What type of disclosure or accounting do you believe is necessary for the following items?
(a) Because of a general increase in the number of labor disputes and strikes, both within and outside the industry, there is an increased likelihood that a company will suffer a costly strike in the near future.
(b) A company reports an extraordinary item (net of tax) correctly on the income statement. No other mention is made of this item in the annual report.
(c) A company expects to recover a substantial amount in connection with a pending refund claim for a prior year's taxes. Although the claim is being contested, counsel for the company has confirmed the client's expectation of recovery.
Journalize the adjusting entries required at March 31, based on the data presented - Adjusting Entries Selected account balances before adjustment
Assume the conditions from part (a) are met. Prepare the Journal entry on August 15,20X0, for Gringo to record the sale of receivable, assuming the recourse obligation has a fair value of $2,000.
in a particular factory a shift supervisor is a salaried employee who supervises a shift. in addition to a salary the
xyz company sold 30000 units last month and sales totaled 1500000 usd. total variable monthly expenses were 600000 and
Which of the following account balance is shown on debit side of Trial Balance? (It is assumed that all account balances are shown on normal balance).
sherman construction company has entered into a contract beginning january 1 2013 to build a parking complex for the
Akron, Inc., owns all outstanding stock of Toledo Corporation. Amortization expense of $15,000 per year for patented technology resulted from the original acquisition. Prepare a consolidated income statement for the year ending December 31, 2015
what would the cost schedule of cost of goods manufactured look like and what does the income statement for cost of
Write a 350- to 700-word paper in which you differentiate between valuation, depreciation, amortization, and depletion. Is it appropriate to calculate depreciation using two different methods? Why?
Messages denying credit are different from other types of bad-news messages in that they
Evaluate the volume of the solid bounded by the surfaces. (x2+y2)(1/2) = 4+z2. (x2+y2)(1/2) = 2z2.
(a) The issuance of the bonds. (b) The payment of interest and related amortization on July 1, 2012. (c) The accrual of interest and the related amortization on December 31, 2012.
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