Use the Template (see attachment) for the Assignment . Included are a selection of problems that cover advanced topics related to corporate formation, distributions and liquidations. All solutions should be completed within the spreadsheet template in the appropriate areas. Show or explain all calculations within the body of the submission document. This means that you must […]
Write a 525- to 700-word paper answering the following: Select an official Native American group (one on the official federal list). Specifically answer these questions: Where are they located in the U.S. today? Were they forcibly removed from their ancestral lands? How? Do they have a reservation today? What is their legal standing with the […]
How did they approve your account without a diploma?
Awesome Audio is a midsized electronics manufacturer located in Wilmington, Delaware. One of the major revenue-producing items manufactured by Awesome Audio is a satellite radio receiver. Awesome Audio currently has one model on the market and sales have been excellent. The existing product has limited capabilities in that it is uniquely tied to a single […]
(2) Operating data for Poll Corporation are presented below. 2017 2016 Net sales $900,000 $700,000 Cost of goods sold 570,000 450,000 Selling expenses 140,000 90,000 Administrative expenses 80,000 60,000 Income tax expense 33,000 30,000 Net income 77,000 70,000 Instructions (a) Prepare a schedule showing a vertical analysis for 2017 and 2016.
~ (1) Financial information for Nealon Inc. is presented below. December 31, 2017 December 31, 2016 Current assets $140,000 $110,000 Plant assets (net) 440,000 360,000 Current liabilities 95,000 75,000 Long-term liabilities 165,000 100,000 Common stock, $1 par 180,000 120,000 Retained earnings 140,000 175,000 Instructions (a) Prepare a schedule showing a horizontal analysis for 2017 using 2016 as the base year. 7 points (b) What is the primary use of […]
Intermediate Accounting II Discussion Question: Imagine you are the senior accountant in the Fixed Assets department at your organization, and management is undecided as to whether it should construct its fixed assets or purchase such assets from an outside source. You are responsible for preparing a report to management, highlighting the advantages and disadvantages of […]
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Your city has decided to build a new library. The projected cost is $2 million. A bond issue for $1.2 million has been authorized, and the remainder is supposed to come from a contribution of $800,000 from the general fund. The bonds sold for $1.3 million, a premium of $100,000. Create the required journal entries for […]
Key Assignment Draft The owners of The Car Wash have asked you to prepare their tax return. Their financial statements are audited by a local certified public accountant (CPA) firm, and they have provided them to you as a reference. A copy of the Income Statement and Balance Sheet have been reproduced below. In your […]
