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Why is return on investment(ROI) one of the most valid measures of enterprise performance? How is it used as an internal management tool by the financial analyst?
beginning assets were 700000 beginning equity was 225000 revenue for the year was 523000 common stock sold during the
In recent years, the Wall Street Journal and other publications have indicated that many companies have changed their accounting principles. What are the major reasons why companies change accounting methods?
What is a statement of cash flows and Brad Strath maintains that the statement of cash flows is an optional financial statement.
bob johnson inc. sells a lounging chair for 24 per unit. it incurs the following costs for the product direct materials
How much should the town report as property tax revenue in its General Fund statements for the year 2009?
The day the bonds hit the market, the bond price is quoted at 100. What is the bonds selling price and how does the company record this sale in its accounting information system?
In a liquidation subject to section 332, Rose distributies assets to Pheasant and Crystal in accordance with their ownership intersts. Discuss the tax consequences of the liquidation for Rose, Pheasant, and Crystal.
Set up a schedule of interest expense and discount amortization under the straight-line method.
Determine the amount to be added to Allowance for Doubtful Accounts in each of following cases.
Alpha acquired 100% of Beta's common stock for $400,000. On this date the Fair Market Value of some of Beta's assets and liabilities were: Prepare a consolidation workpaper at the date of acquisition based upon the following book values at the date:
christys charities a not-for-profit entity is considering the acquisition of a computer system to record donations and
In the mid-2000s Fannie Mae was in severe financial difficulty and desperately needed additional capital for the company to survive.
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