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Describe the accounting procedures for both bonds and long-term notes. How are they similar? Provide an example of each. What types of features can bonds carry which make them more attractive th
What is the pre-money valuation for the Series D funding round?
Equity method of accounting for Investments
Identify situations that might lead to unethical practices and behavior in accounting. Do you think the Sarbanes-Oxley Act has made a difference in the ethical behavior of companies regarding th
Prepare all necessary general journal entries for the year ending December 31, 2009 in an excel sheet. Include supporting calculations of all amounts in a separate schedule.
What is your estimate of the current "contribution margins" for the three products. Show your calculations and explain them and how much higher or lower would the reported net income be under the ABC
A sole proprietorship - A limited liability corporation-Do you recommend that this client choose an LLC or not? Explain your rationale.
Describe the methods of revenue recognition - traditional U.S. GAAP method of revenue recognition fulfills the needs of the International Financial Reporting System? Why, or why not?
Do you think that you should face the same integrity issues that an outside auditor faces with respect to conflicts of interest? Why, or why not?
What is the trend, in each company, in total revenues over the three years and what is the trend in profit margin over the three years?
The president has heard of activity-based costing and wants to see how the results would differ if this system were used. Two activity cost pools were developed: machining and machine setup. Pres
Sales budget including budgeted sales for July and purchases budget ,the budgeted cost of goods sold for each month and quarter, and the cost of the June 30 budgeted inventory
Prepare absorption and contribution margin income statements for the succeeding quarter for the division and compute production costs per unit for both approaches and for both quarters
Analyze and comment on the differences in the annual statements found on the companies' websites. Provide a few specific differences in content and format and what auditing standards are used by the
What components of stockholders' equity do each of the companies disclose and do the companies have preferred stock shares outstanding? If so, what special features do these shares contain?
Using the deferral method, prepare a statement of revenues and expenses and a statement of changes in net assets for Wise Owls for 20X1.
Prepare the consolidated financial statements for Peony at December 31, 20X6 using the direct method - Prepare a consolidated income statement for Chee Co. for the year ended December 31, 20X8.
Compare the latest Net Profit after tax for two years and make some comments that whether to invest or not. Explain why yes or not and what kind of shares are being issued?
What are the merits of each argument and which side do you support and why? How does the use of capital punishment in Texas compare to other states?
The stockholders' equity section of Benton Corporation's balance sheet as of December 31, 2014 is as follows:
What are the main features of an intangible asset, as laid out in AASB 138 Intangible Assets. Explain how Pics Ltd's) expenditures on intangibles should be accounted for under AASB
Preparation of a Schedule of Cost of Goods Manufactured and Cost of Goods Sold. (The schedules may be in the appendix). Explain why some items have been excluded from the schedules.
Prepare journal entries to record the events and transactions. Be sure you indicate the fund in which they should be recorded. 2. In your opinion, should the unrealized gains on the investment he
Prepare the journal entry to record the bonus issue, show all workings and identify two advantages of a private placement of shares as compared with a public issue.
Sales $1,200,000 $1,200,000 Charlotte Company produces a single product. The company had the following results for its first two years of operation