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You are the senior accountant for a company that has determined the useful life of a machine costing $100,000 will be 7 years rather than 10 years as originally thought. You are in year 6 when this is discovered. Log onto the FASB.org website and locate guidelines for recording this transaction. Prepare a memo to the CFO explaining your position on this matter. Post your memo on the discussion board.
abbott and abbott has a noncontributory defined benefit pension plan.nbspnbspat december 31 2011 abbott and abbott
l. a. and paula file as married taxpayers. in august of this year they received a 5200 refund of state income taxes
On July 2, 2010, Tobias declared a 15 percent stock dividend to be distributed on August 6, 2010, to shareholders of record on July 16, 2010. What amount of retained earnings should be transferred to contributed capital because of this dividend?
Research a specific company in one of the business sectors that interests you and describe how you imagine it might be to work there. Use 100 to 150 words for your description.
Jeremy's Desks is approached by Mr. Harry Hood, a new customer, to fulfill a large one-time-only special order for a product similar to one offered to regular customers. The following per unit data apply for sales to regular customers.
using the appropriate interest table answer the following questions. each case is independent of the others.a what is
1.sycamore candy company offers a cd single as a premium for every 5 candy bar wrappers presented by customers together
Compute the dividends paid per share during the third year for each of the three classes of stock. What was the average issue price of each type of preferred stock?
In Saint-Simon, Inc., the Assembly Department started 18,000 units and completed 21,000 units. If beginning work in process was 9,000 units, how many units are in ending work in process?
Journalize the entries to record the liquidation out lined below, using Assets as the account title for the noncash assets and Liabilities as the account title for all creditors' claims.
Prepare in journal form, without explanations, the end of month adjusting entries for Flop's Copy Shop for the month of September. Prepare a partial adjusted trial balance for the accounts provided.
Jason Thompson purchased an office building 10 years ago for $780,000. The building was just appraised at $1.25 million. What value should be used for the building in Jason's accounting records? Support your answer.
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