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is it true that deficit is an asset?
In January, 2008, Sanford Corporation purchased a patent for a new product for $1,200,000. The patent was valid for fifteen years but it was estimated to have a useful life of ten
what is cum interest
premium coupons that already have been expired should be or shouldn''t be estimated as liability?
A company's sales are 50% in cah and 50% on credit. 70% of the credit sales are colected in the month of the sale, 20% in the month following the sale, and 5% in the second month f
Did ford realize any gain or loss from securty sales during 2009?
US GAAP follows the Historical Cost Concept in valuing the cost of Long-Term Assets. Explain this principle and how it compares to the standards used in the reporting of Long-Term
The following figures are taking from the book of Sheen Compnay limited as on december 31,2009 DEBIT SIDE : opening stock Rs 75000 purchases 245000 wages 30000 c
HOW DOES ACCOUNTING THEORY INFLUENCE ACCOUNTING POLICY MAKING
What is the function of balance sheet
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