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assume that marchrsquos budgeted sales are 10000 units beginning finished goods inventory contained 1000 units and 1500
for the month of april budgeted sales were 100000 and budgeted cost of goods sold was 80000 actual sales were 80000 and
furtastic manufactures imitation fur garments on june 1 2016 furtastic made a sale to willettrsquos department store
which of the following statements is falsea assets that are increasing in value are still subject to depreciationb
horace greeley corporation was organized in 2013 and began operations at the beginning of 2014 the company is involved
logan township acquired its water system from a private company on june 1 no receivables were acquired with the
prepare a revised income statement income statement 40 there were 20000 shares of common stock outstanding throughout
hawkins products inc has found that new products follow a learning curve the first two units have been completed with
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what would be the reason why lifo is no longer allowed as an inventory accounting method under gaapdiscuss the items to
with the revenue recognition accounting principle of vsoegive an overview of how this method affects revenue
why it is important for analysis purposes to consider the time value of money when making decisionsplease provide an
what is the cost of goods soldwhat financial statement does it show up onhow does it relate to the ldquomatching
als brake shop had sales revenues and operating costs in 2014 of 650000 and 525000 respectively in 2015 als plans to
some people do not believe that the board of directors always acts in the best interest of the shareholders what would
why not report the possible liabilities from pending law suits in the financial statements rather than the notes to the
tims temple tools sells small eyeglass repair tools for 125 each tims marketing department prepared the following
1 consult paragraphs 26ndash27 of pcaob auditing standard no 5 do you believe that the period-end financial reporting
consult paragraph 14 of pcaob auditing standard no 5 based on the case information do you think this paragraph relates
consult paragraphs 14ndash15 of pcaob auditing standard no 13 if you were auditing waste management what type of
which purports to be an organization that provides testing and certification to become a certified fraud examiner cfe
describe the importance of data driven fraud detection including the difference between accounting anomalies and
on february 1 2015 one of the huge storage tanks of viking manufacturshying company exploded windows in houses and
the 2014 financial statements of chase company and conor company showed the