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Discussions
Discussion 1:
The controller of Sagehen Enterprises believes that the company should switch from the LIFO method to the FIFO method. The controller's bonus is based on the next income. It is the controller's belief that the switch in inventory methods would increase the net income of the company. What are the differences between the LIFO and FIFO methods?
Discussion 2:
A variety of depreciation methods are used to allocate the cost of an asset to all of the accounting periods benefited by the use of the asset. Your client has just purchased a piece of equipment for $100,000. Explain the concept of depreciation. Which of the following depreciation methods would you recommend: straight-line depreciation, double declining balance method, or an alternative method?
tri state pickle company preferred stock pays a perpetual annual dividend of 2 12 of its par value. par value of tsp
susan has a part-time cottage industry producing seasonal plywood yard ornaments for resale at local craft fairs and
on may 1 2010 newby corp. issued 634100 5 5-year bonds at face value. the bonds were dated may 1 2010 and pay interest
for the year ended december 31 global exports had net sales of 7750000 costs and other expenses including income tax of
explain the benefit of the effective interest amortization method and indicate how such a table will be set up with all
While US GAAP requires assets to be valued at the lower of cost or market, there is a belief that assets with value fluctuations should be valued at market and adjusted on a regular basis. Create an argument supporting the use of market value for ..
during 2011 xyz corporation wrote offaccounts receviable totalling 25000 and made sales all on accounts of 710000. oher
Downs Company issued $800,000 of 8%, 5-year bonds at 106, which pays interest annually. Assuming straight-line amortization, what is the total interest cost of the bonds?
The board of directors declared and paid a $2,000 dividend in 2009. In 2010, $12,000 of dividends are declared and paid. What are the dividends received by the common stockholders in 2010?
kiser company reports the following for the month of june.date explanation units unit cost total costjune 1 inventory
Transfer pricing is a significant area of concern for the IRS. Assess the concerns the IRS may have and construct a scenario to address those concerns.
Prepare journal entries for the transactions listed above. Prepare a Stockholders' section of a classified balance sheet as of December 31, 2014.
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