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The maturity date of a note receivable1. Is the day of the credit sale2. Is the day the note was signed3. Is the day the note is due to be paid4. Is the date of the first payment5. Is the last day of the month
what are five modern techniques of accounting
GOLD MOUNTAIN SKI RESORT CASE You work for a venture firm and have been asked to analyze a proposal from a group of investors interested in building a new ski area in Colorado. The
I need some guidance in how certain events are to be recorded on both the balance sheet and statement of cash flows.
What is implication of applying accounting concepts wrongly.
Q. Show danger of high financial gearing? A additional danger of high financial gearing is that a company may move into a loss-making position as a result of high interest paym
The SIMPLEX financial system is characterized by a required reserves ratio of 11 percent; initial excess reserves are $1 million, and there are no currency or other leakages. a.
A company declared a $.50per share cash dividend on December 1,2013. The Company has 20,000 shares authorized, 9,000 shares issued, and 8,000 shares of common stock outstanding. Pr
what are the concept of economic substance over legal form under accounting for lease?
Petition by creditor Any creditor including an assignee of a debt, may petition, provided: The debt due to him amounts to at least Shs 1,000; The debt is certain and i
Pooling of Interest - Used to account for acquisition of another company when acquiring company exchanges its voting COMMON STOCK for voting common stock of the attained company wh
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