Business, 06.09.2019 16:10 angelisabeast5430
For each of the following situations, state whether you agree or disagree with the financial reporting practice employed, and briefly explain the reason for your answer.
the controller of the dumars corporation increased the carrying value of land from its original cost of $2 million to its recently appraised value of $3.5 million.
the president of vosburgh industries asked the company controller to charge miscellaneous expense for the purchase of an automobile to be used solely for personal use.
at the end of its 2020 fiscal year, dower, inc., received an order from a customer for $45,350.
the merchandise will ship early in 2021. because the sale was made to a long-time customer, the controller recorded the sale in 2020. at the beginning of its 2020 fiscal year, rossi imports paid $48,000 for a two-year lease on warehouse space.
rossi recorded the expenditure as an asset to be expensed equally over the two-year period of the lease.
the reliable tire company included a note in its financial statements that described a pending lawsuit against the company.
the hughes corporation, a company whose securities are publicly traded, prepares monthly, quarterly, and annual financial statements for internal use but disseminates to external users only the annual financial statements.
Answers: 1
Business, 22.06.2019 19:50
Statistical process control charts: a. indicate to the operator the true quality of material leaving the process. b. display upper and lower limits for process variables or attributes and signal when a process is no longer in control. c. indicate to the process operator the average outgoing quality of each lot. d. display the measurements on every item being produced. e. are a graphic way of classifying problems by their level of importance, often referred to as the 80-20 rule.
Answers: 2
Business, 22.06.2019 19:50
Ichelle is attending college and has a part-time job. once she finishes college, michelle would like to relocate to a metropolitan area. she wants to build her savings so that she will have a "nest egg" to start her off. michelle works out her budget and decides she can afford to set aside $9090 per month for savings. her bank will pay her 4 %4% per year, compounded monthly, on her savings account. what will be michelle's balance in five years?
Answers: 3
Business, 22.06.2019 22:00
What legislation increased the ability for federal authorities to tap telephones and wireless devices, tightened the enforcement of money laundering activities, as well as broadened powers toward acts of terrorism and acts such as drug trafficking?
Answers: 2
For each of the following situations, state whether you agree or disagree with the financial reporti...
Spanish, 05.03.2021 16:10
Social Studies, 05.03.2021 16:10
Mathematics, 05.03.2021 16:10
Mathematics, 05.03.2021 16:10
Mathematics, 05.03.2021 16:10
History, 05.03.2021 16:10
Mathematics, 05.03.2021 16:10
Mathematics, 05.03.2021 16:10
History, 05.03.2021 16:10
Health, 05.03.2021 16:10
Social Studies, 05.03.2021 16:10
Social Studies, 05.03.2021 16:10