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Using different studies at different times it still appears to be the case that financial executives have a higher threshold for materiality than either certified public accountants or financial analysts who, in turn, have a higher materiality threshold than users. Why do you think this ordering exists?
The equipment was purchased several years ago for $70,500 and had accumulated depreciation of $52,900. What is reported under the operating activities section on the statement of cash flows?
you have received the bank statement for your companys account and need to reconcile it with your cash ledger account.
Mary Kate owns a building that she leases to an individual who operates a grocery store. Rent income is $10,000 and rental expenses are $6,000. On what form 1040 schedule or schedules are the income and expenses reported?
Your company has a pension plan. At the end of the year your company reports an ABO of $250,000, PBO of $300,000 and Plan Assets of $230,000 for the year ended December 31, 2011.
for 2010 kuhlman corporation reported net income of 28000 net sales 400000 and average shares outstanding of 6000.
last year attic charged 3496000 depreciation on the income statement . if early this year attic sold all its
What are the advantages and disadvantages of the computer-assisted audit technique known as parallel simulation?
Write a 500 to 750 word report justifying the need for this system when controls are already in place with the insurance and portfolio approach. You should explain why current approaches are valid but why an internal system will be more beneficial..
What is the EPS for the company if it has a P/E ratio of 20? What is the book value of the company if the price-to-book ratio is 1.5 and it has 100,000 shares of stock outstanding?
The installation cost for this equipment was $25,000. The firm plans to depreciate the equipment using the MACRS 5-year normal recovery period. Prepare a depreciation schedule showing the depreciation expense for each year.
Lynch Printing Company determines that a printing press used in its operations has suffered a permanent impairment in value because of technological changes. An entry to record the impairment should:
nowadays manufacturing is considering an investment proposal with the following informationcost 450000useful life 6
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