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what do we mean by a change in accounting principle where are changes in accounting principle disclose on a companys
annas 2013 individual tax return was examined and the irs proposed changes resulting in additional tax anna wishes to
on january 31 the managers of integra inc seek to determine the cost of producing their product during january for
bill and mercedes have 140000 of taxable income and additional 10000 of nontaxable income using the 2015 married-joint
binge company manufactures products s1 and s2 from a joint process product s1 has been allocated 5000 of total joint
the following equity investment transactions were completed by chung company in 2016mar 4 nbsppurchased 5000 shares of
on march 4 breen corporation acquired 7200 shares of the 200000 outstanding shares of melton co common stock at 42 plus
1 the common stock account is increased by credits true false2 the ledger is the entire group of accounts maintained by
for each situation list the assumption principle or constraint that has been violated if any some were presented in
the following are some ldquosuspicionsrdquo you have been requested to select some effective extended procedures
premier golf carts makes custom golf carts that it sells to dealers across the southeast the carts are produced in two
simon blfpstk construction company has two divisions the president chris simon manages the roofing division simon
assess whether there are any changes or modifications necessary to make rule 102 integrity and objectivity and rule 203
for the most recent year triad company had fixed costs of 290000 and variable costs of 80 of total sales revenue earned
on february 1 2016 arrow construction company entered into a three-year construction contract to build a bridge for a
rockville rockville inc which uses a job costing system began business on january 1 20x3 and applies manufacturing
factoring receivables is beneficial to a seller for all of the following reasons except allows firms to receive cash
rohan company produces a perfume that sells for 580 a bottle sales for 2013 is estimated to amount to 450 bottles
zhao co has fixed costs of 354000 its single product sells for 175 per unit and variable costs are 116 per unit if the
in the current year redland corporations regular tax liability was 28000 and its amti was 232000 redland is not a small
the company you are working for is trying to automate a process with the fanuc yellow robot this robot will cost 850000
prepare journal entries to record the following transactions involving the short-term securities investments of duke co
for the current period kelly corporation has a margin of safety to 25 of its current actual sales given the following
alcorp co purchased a new machine on july 2 2016 at a total installed cost of 41000 the machine has an estimated life
assume that a machine was purchased for 50700 cash of 21700 was paid and a four-year 14 note payable was signed for the