Assignment 1: Financial Statement Restatement and Ethics Due 07 /26/2017 at 9 :00 AM Write a two to three (2-3) page paper in which you: 1. Assess the factors that contributed to the financial statement restatement, signifying the executive management team’s attitude toward the restatement. Suggest how the restatement may have been avoided during […]
Prepare the liabilities section of O’Brian’s balance sheet using the following information: Accounts payable $157,000 Notes payable (due May 1, 2018) $20,000 Bonds payable (due 2021) $900,000 Unearned rent revenue $240,000 Discount on bonds payable $41,000 FICA taxes payable $7,800 Interest payable $40,000 Notes payable (due 2019) $80,000 Income taxes payable $3,500 Sales taxes payable $1,700 Show work on […]
Assignment 3: LASA 1: Whole Foods Market, Inc. and MyAccountingLab Review Whole Foods Market, Inc’s 2010 Annual report, company information and investor information(see the link: Whole Foods Market, Inc. Investor Relations in the webilography) and write a 5-7 page paper following APA guidelines which addresses the following: Summarize the company’s financial performance for 2010. Do you think […]
How to prepare the liabilities section of O’Brian’s Balance Sheet on the attached spreadsheet. Write a 175-word individual response. Using the information below Accounts payable $157,000 Notes payable (due May 1, 2018) $20,000 Bonds payable (due 2021) $900,000 Unearned rent revenue $240,000 Discount on bonds payable $41,000 FICA taxes payable $7,800 Interest payable $40,000 Notes payable (due 2019) […]
1) The time period for classifying a liability as current is one year or the operating cycle, whichever is 2) Which one of the following is not a typical current liability? 3) Buttner Company borrows $88,500 on September 1, 2017, from Harrington State Bank by signing an $88,500, 12%, one-year note. How much is […]
Directions: In Part I of the Assignment Document LP1 Accounting Assignment, identify next to each item which statement the item would appear. The items listed could appear on the income statement (I), balance sheet (B), or statement of cash flows (CF). Then, for each group, explain the difference between the items in the set. In […]
Module 3 QAES Q10-1: Compare fixed, variable, and mixed costs. Q10-2: What do we mean by a Relevant Range?Q10-3: A professional services business has fixed costs of €150,000 and variable costs of €15 per hour. How much does average cost change between 12,000 or 15,000 units?Q10-4: Use the following information to determine the breakeven in units, […]
The assigned reading used a percent of labor costs to assign factory overhead to jobs. Identify another factor (or base) a company might reasonably use to assign overhead cost. Question B What is the difference between overhead costs being underapplied versus overapplied? Please provide an example of each.
Problems: Chapter 8-57 (Janice Morgan) South-Western’s Federal Taxation, Comprehensive Volume (2017). Prepare the Tax Return for 2016. Changes to Problem: Change all years to one year later (for example, 2015 becomes 2016). The following information should be helpful in your preparation of the tax return. (1) (a) Requirement: Prepare the federal income tax return on […]
QUESTION 1 The costs of bringing a corporation into existence, including legal fees, promoter fees, and amounts paid to obtain a charter are called: Minimum legal capital. Stock subscriptions. Organization expenses. Selling expenses. Prepaid fees. 10 points QUESTION 2 At the end of the accounting period, the owners of […]
