• Q : Accounting and financial reporting of businesses....
    Accounting Basics :

    Submit a 1,000 - 1,250 word paper that identifies and discusses the legal, ethical and technological concerns of the accounting and financial reporting of businesses.

  • Q : Depreciation under the straight-line method....
    Accounting Basics :

    Determine the machine's second-year depreciation under the straight-line method.

  • Q : Potential drawbacks related to the decision....
    Accounting Basics :

    Why do you believe E-Centives chose not to raise public equity in the United States? What are the potential drawbacks related to the decision not raise capital in the U.S. public markets?

  • Q : Need for a partnership agreement....
    Accounting Basics :

    Analyze the need for a partnership agreement and indicate the action steps this includes and the potential consequences for failure to execute such an agreement indicating how these consequences mos

  • Q : Accounting for income taxes....
    Accounting Basics :

    Can you write a 980-1,020 word paper on "Accounting for Income Taxes - Financial Statement Presentation" as found in Intermediate Accounting 14th edition by kieso, weygandt & warfield. The paper

  • Q : Bond of similar risk and other characteristics....
    Accounting Basics :

    Ariel inc issued $30 million face amount of 9% bonds when market interest rates were 9.30% for bond of similar risk and other characteristics. How much interest will be paid annually on these bonds?

  • Q : Rate of return on the trust fund....
    Accounting Basics :

    Your grandfather placed $5,000 in a trust fund for you. In 35 years, the fund will be worth $10,000. What is the rate of return on the trust fund, if interest is compounded quarterly?

  • Q : Company current income tax expense....
    Accounting Basics :

    The unfavorable book-tax difference of $200,000 was due to a $200,000 favorable temporary difference relating to depreciation, an unfavorable temporary difference of $300,000 due to an increase in t

  • Q : Revenue under the accrual basis of accounting....
    Accounting Basics :

    Smith had $50,000 in Accounts Receivable at the beginning of the year, and $90,000 in Accounts Receivable at the end of the year. What is Smith's Sales Revenue under the accrual basis of accounting?

  • Q : Prepare the entries that fix this error....
    Accounting Basics :

    Prepare the entries that fix this error. SAS normally depreciates assets like printing presses over five years. The 2008 books have long been closed, but the 2009 books are still open.

  • Q : Amount of exchange gain or loss....
    Accounting Basics :

    Assuming that Amazing Corporation does not hedge this transaction, what is the amount of exchange gain or loss that it should show on its December 31, 20x1 income statement?

  • Q : Sophisticated capital budgeting techniques....
    Accounting Basics :

    Discuss the differences between the different types of capital - bonds, preferred stock and common stock. In particular, voting rights and rights to assets on dissolution of the company. Discuss th

  • Q : Account at the end of year....
    Accounting Basics :

    To pay for her college education, Gina is saving $4,000 each year for the next five years in a bank account paying 13 percent interest. How much will Gina have in that account at the end of 5th year

  • Q : Influence over financial statement reporting....
    Accounting Basics :

    Then, analyze the similarities and differences between the roles of each entity. Which entity has more influence over financial statement reporting? Explain your answer. (200-250 words.)

  • Q : How auditors evaluate risk in relation to sample size....
    Accounting Basics :

    How auditors evaluate risk in relation to sample size. Do risks change depending on the size of the sample? What happens when auditors find misstatements that are above the expected deviation rate?

  • Q : Determine her itemized deduction....
    Accounting Basics :

    If Heather's AGI is $100,000 before considering the effects of the fire, determine her itemized deduction as a result of the fire. Also, determine Heather's AGI.

  • Q : Event an auditor discovers....
    Accounting Basics :

    Auditing standards provides guidance on the procedures to be followed in the event an auditor discovers they omitted important audit procedures, but the discovery is not made until after the audit r

  • Q : Information relating to subsequent events....
    Accounting Basics :

    How would the auditor become aware of subsequent events? What responsibility does the auditor have to search for subsequent events? Should they rely on the client for information relating to subsequ

  • Q : Purchasing a truckload of cantaloupes....
    Accounting Basics :

    American Produce Company purchased a truckload of cantaloupes weighing 4,000 pounds for $1,200. American Produce separated the cantaloupes into two grades: superior and economy.

  • Q : Prepare a cash budget concept....
    Accounting Basics :

    Payments other than for loan or interest payments for the same period are planned at $28,000, $30,000, and $32,000, respectively at July 1, there are no outstanding loans.

  • Q : Static budget over a flexible budget....
    Accounting Basics :

    Flexible budgets provide different information than static budgets. Discuss some of these differences. Is a flexible budget always better? Are there times when you'd recommend using a static budget

  • Q : Organizations compare current results....
    Accounting Basics :

    When evaluating performance, many organizations compare current results with the actual results of previous accounting periods. Is an organization that follows this approach likely to encounter any

  • Q : Current gift tax liability....
    Accounting Basics :

    Ginger will make whatever elections are necessary to minimize her current gift tax liability. Assume the Sec. 7520 interest rate is 4%.

  • Q : Prepare journal entries to record the transactions....
    Accounting Basics :

    Prepare journal entries to record the 2014 transactions of Crawford Company.

  • Q : Problem on cash and cash equivalents....
    Accounting Basics :

    What amount should Nayak report as "Cash and cash equivalents" on its balance sheet?

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