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Research a company that has been in the news for unethical practices, such as Enron, Tyco, Global Crossing, or WorldCom.
Post a 250- to 300-word response that summarizes your ideas about the following:
What was the nature of the controversy regarding this company's practices?
How were accounting practices involved?
If you had been an accountant for this company, how would you have acted? Explain why.
What might have been done to prevent the controversy?
What was the affect of unethical behavior on the profitability of the company?
Make an income statement, statement of changes instockholder's equity, period-end balance sheet, and statement ofcash flows for the 2002 accounting period.
Which is not a GAAP for investments in equity securities?
What is the Definition of the "High Quality of Earnings"? Why is this important in an organization? What is the Definition of "Sustainable Income"?
The Securities and Exchange Commission (SEC) is empowered to do the following a. Set reporting standards for firms with publicly traded debt or equity securities b. Bring enforcement actions against company executives and auditors for accounting rela..
Excluding the cost of the machinery, additional operating costs are expected to be $15,000 per year. If the firm requires a minimum 12% return on its investment, what is the maximum price the company can pay for this equipment?
What accounting standard provides the authoritative guidance for asset impairments? Briefly discuss the scope of the standard (i.e., explain the types of transaction to which the standard applies).
The following data are for the year ended December 31, 20XX:The submission should be 2 to 4 pages and need to include income statements and other pertinent computations in good format as well as a discussion interpreting the analysis. Answer all q..
Yore Corporation has provided the following data for the month of June. The beginning balance in the finished goods inventory account was $35,000 and the ending balance was $26,000. Sales totaled $220,000.
Explain how dividends or dividend requirements on any class of preferred stock that may be outstanding affect the computation of EPS and describe the circumstances under which it might be appropriate to apply the treasury-stock method.
Assume that retained earnings increased by $240,000 from December 31, 2005, to December 31, 2006, for Miller Corporation. During the year, a cash dividend of $140,000 was paid.
Thelma's reported net income for 2006 was $119,000. What is the noncontrolling interest's share of Thelma's net income?
What would be the effect of the project on 2009 operating income under the percentage-of-completion method and the completed contract method?
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