1- ABC. started business in January 2013, and purchased a machine for $100,000 (four-year expected useful life with no salvage value). ABC uses straight line depreciation for financial reporting purposes. For tax purposes, the deduction is 50% of cost in 2013, 30% in 2014 and 20% in 2015. Pretax accounting income for 2013 was $6
Prepare a contribution margin (behavioral, variable) income statement for Herrestad Company, compare net operating profit from a contribution margin income statement with net income from an absorption income statement, and explain why this difference happens. Prepare a second version assuming the selling price per unit increases
Should we have rules-based ethics standards? Why or why not? Should they tell you exactly what to do in specific ethical situations? Do you agree with the authors that a code of ethics should do more than establish minimum acceptable standards? Why or why not? http://www.ijbssnet.com/journals/Vol.%202_No._10%3B_June_2011/
Can someone help me with doing an outline (numbered or bulleted) for the Groupon scandal? I need 5-6 topics in the order that I could discuss. I attached the requirements (see attachment).
I need you help me to critically discuss about how the envrionmental and social responsibility apply to a conceptual framework for financial reporting and discuss the role and nature of the regulatory framework for financial reporting 2000 words
2. Horton and Sons produces specialty furniture. The company has received an order to create 50 custom tables for a customer. What type of costing method should they use? Inventory costing, Cost of goods sold Batch costing Job order costing Question . Omega Manufacturing bases its rate on dire
22. The following calculations have been made for Coos Company: Growth Rate Net sales 10.5% Total accounts receivable 21.3% Allowance for doubtful accounts 2.6% Current Year Prior Year Allowance for doubtful accounts as a percentage of total accounts rec
Identifying and Analyzing Financial Statement Effects of Dividends The stockholders' equity of Kinney Company at December 31, 2011, is shown below. 5% preferred stock, $100 par value, 18,000 shares authorized; 8,000 shares issued and outstanding $ 800,000 Common stock, $5 par value, 200,000 shares authorized; 50,000 shar
100 words in bullet points ◾Describe the ethical issues in the field of tax accounting within a company.
Interpreting Accounts Receivable and Its Footnote Disclosure Following is the current asset section from the W.W. Grainger, Inc., balance sheet. As of December 31 ($ 000s) 2007 2006 2005 Cash and cash equivalents $ 113,437 $ 348,471 $ 544,894 Marketable securities at cost, which approximate market value 20,074 12,827 --
Sevilla Consulting offers environmental consulting services worldwide. The managers of branch offices are rewarded for superior performance with bonuses based on the economic value that the office adds to the company. Last year's operating results for the results for the entire company and for its three officers, expressed in mi
Can someone help me with a new customer strategy? It's for Coca Cola. Customer Valuation and Retention (one paragraph to describe the following sections) Needs-Determination Strategy (two paragraphs) Customer Valuation (two paragraphs) Customer Retention Policies (five policies, one per paragraph)
Computing Cost of Sales and Ending Inventory Stocken Company has the following financial records for the current period. Units Unit Cost Beginning Inventory 100 $ 46 Purchases: #1 650 42 #2 550 38 #3 200 36 Ending inventory is 350 units. Compute t
On January 1, Zeibart Company purchases equipment for $220,000. The equipment has an estimated useful life of 10 years and expected salvage value of $25,000. The company uses straight-line depreciation. Four years later, economic factors cause the fair value of the equipment to decline to $85,000. On this date, Zeibart examines
PRODUCT SAFETY AND ADVERTISING For years, arthritis sufferers have risked intestinal bleeding from the long-term consumption of nonsteroidal anti-inflammatory drugs (NSAIDs) such as Advil, which are used to ease chronic joint pain. Your company, Big Pharma, introduced a new type of painkiller, a COX-2 inhibitor that addresse
As organizations grow and change, their information systems must change as well. Consider these examples: Gazing more at the rowers on the [Schuylkill River] below than on the automobiles ahead, a [Center City Philadelphia] driver slams into the car in front of him, causing an accident that increases the ride home for many comm
Which element of the COSO enterprise risk management framework is most closely associated with each of the following? a) ALG Corporation bonds key employees. b) Based on previous experience, TRG Corporation's management believes the risk of inventory shortages is moderate. c) BPC Corporation implements a profit-sharing plan
Prepare a paper on the implementation of Section 404 of the Sarbanes-Oxley Act in 2002. Discuss how accountants within an organization are involved in helping their organizations comply with this section. Describe also how accountants in public accounting and consulting are affected by this section of SOX. 1,000 - 1,500 words.
500 words in MS word-Compares the AICPA Code of Professional Conduct and the IMA Code of Professional Conduct Describes the purpose and major elements of both codes and compares the two codes Identifies the major similarities Identifies and explains the major differences Format paper according to APA guidelines. http://w
2. a. Consider the four vignettes: Internal control over cash, Embezzling, information Technology and inventory. For each one, suggest one additional internal control procedure. Discuss whether the procedure you suggest is preventive, detective or corrective; also identify the type of risk it is designed to control based on ris
Consider the following story from the December 10, 2008 edition of the Las Vegas Review-Journal: Authorities unsealed the indictments of 15 people involved in a Eurasian gang on Tuesday, revealing an organized crime ring that raked in about $1.5 million through stolen credit cards and identity theft in the Las Vegas Valley. The
Write a paper of 700-800 words that accomplishes the following: Define a "profession." Provide at least three examples of specific professions within accounting and justifying your assertion that they are in fact professions. Describe the seven characteristics of a profession. Define a "professional." Describe the characteri
1.What are the three major types of funds found in most local government accounting information systems? 2. What is "hierarchical coding" with respect to a chart of accounts? How would hierarchical coding be useful for companies? 3. What is internal control? Why is it a fundamental part of accounting information systems?
Please be advised that this is only a discussion not a test or assignment and not an essay. I required at least 200 words. Thank You Assess and discuss the criteria and procedures involved in accounting changes and error analysis. What are the major reasons why companies change accounting methods? Explain the three approaches
4. Statement evaluation. designing and implementing accounting information systems requires judgment and critical thinking. Your job is to explain whether each statement is (i) always true, (ii) sometimes true, or (iii) never true. If you answer (ii), explain when the statement is true. a. Data in an accounting information s
Included is a link to a recent article discussing that even though we have had a number of high profile accounting scandals in recent history, they are still occurring at a fairly alarming rate. http://www.economist.com/news/briefing/21635978-some-13-years-after-enron-auditors-still-cant-stop-managers-cooking-books-time-some
Consolidated Statements of Earnings For Fiscal Years Ended ($ millions) February 27, 2010 February 28, 2009 March 1, 2008 Revenue $ 49,694 $ 45,015 $ 40,023 Cost of goods sold 37,534 34,
1. What are the essential elements of an accounting information system? 2. What does AIS mean to you? How do you incorporate AIS into your daily life? 3. Does the presence or absence of computers and other forms of information technology determine whether or not a business has an accounting information system?
Describe the current convergence efforts of the FASB and IASB in the area of accounting for taxes.
Briefly describe some of the similarities and differences between U.S. GAAP and IFRS with respect to the accounting for investments.