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Determine the cost of goods available for sale - Prove te accuracy of the cost of goods sold under the FIFO and LIFO mehtods.
Journalize all entries required on the dates, including entries to update depreciation on assets disposed of, where applicable. Cleland Corporation uses straight-line depreciation.
How many of each product should be produced per month using the short-run strategy - Information Technologies manufactures 3 sizes of copiers: light usage, medium usage, and heavy usage
Sielert Corporation borrowed $600,000 from National Bank on May 31, 2011. The three-year, 7% note required annual payments of $228,630 beginning May 31, 2012. Interest expense for the year ended Dec
Prepare a multiple-step income statement combined with a reconciliation of retained earnings for the year ended December 31, 2008.
How many sease tickets did the Panthers sell and how many home games had the Panthers played by the end of October?
James Company has a margin of safety percentage of 20% based on its actual sales. The break-even point is $200,000 and the variable expenses are 45% sales.
Prepare the necessary journal entries from the following information for Bonnie's Corp which uses a perpetual inventory system.
Identify the core functions of each department, their strengths and weaknesses, and make recommendations for improvement, as appropriate
Lee offered for sale $10,000 a machine that has been purchased for $17,500. If Whitney paid Lee $6,000 for the machine, the amount that Whitney would record in the accounting records for the machin
Prepare a make or buy analysis showing the annual advantage or disadvantage of accepting an outside supplier's offer.
Under traditional product costing, compute the total unit cost of both products. Prepare a simple comparative schedule of the individual costs by product
Prepare a store ledger account from the information adopting the FIFO method of pricing of issues of materials
On July 1, 200X you enter into a note payable of $200,000 with a 5% annual interest rate. Your interest expense for 200X will
Describe the similarities and differences between management accounting and financial accounting. Why would a manager require different information than that found in basic accounting?
Disclosure notes to a company's financial statements: Are irrelevant facts that are immaterial in amount. Are an integral part of a company's financial statements. Are relatively unimportant fac
How many years would it take $50 to triple if you invested it in a bank that pays 8.25% per year and What's the future value of $2,500 after 5 years if the appropriate interest rate is 7.5%, compounde
The AICPA Professional Code of Conduct prohibits accountants from breaching the rule of client confidentiality. Specifically, under Rule 301, public accountants who are members of the institute a
Why is the balance sheet called the statement of financial position and what is the purpose of if?
International Financial Reporting Standards are designed as a common global language for business affairs so that company accounts are understandable and comparable across international boundaries -
Advise what the correct accounting treatment would be to record these transactions - however the amount of the damages will not be decided until 30th September 2014.
Locate an article from a financial periodical from the past two years about a company that restated its financial statements due to an error in accounting principle. Examples of periodicals are C
The case study assignments will focus on Orrstown Financial Services
Which item grew faster during this two-year period- net sales or net income (net loss)? Can you offer a possible explanation for these changes?
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.