Effective internal control system
What specific control activities should generally be the part of an effective internal control system, explain and give a specific example of each?
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Schuss Corporation sold equipment to Potsdam Company for $20,000. The equipment is on Schuss's books at a net amount of $13,000. Schuss collected $10,000 in 2012, $5,000 in 2013, and $5,000 in 2014. If Schuss uses the cost-recovery method, what am
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A piece of equipment cost $32,400 and on which $18,000 of accumulated depreciation had been recorded was disposed on January 1 the first day of the current year. For each of the following assumptions compute the gain or loss on the disposal:
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Discuss the similarities and differences between the job order costing and the process costing systems. Identify the types of industries/companies that would use these systems for their organizations and the rationale for their decisions. (350 wor
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