Workpaper entries 12/31/17 Equity Method
The balance in the investment account at the beginning of the year is $532,000, which is
[$494,000 + (.95 x ($160,000 $120,000)] = $532,000
Common Stock - Succo Company
Other Contributed C
1. Skimming schemes can be subdivided based on whether they target sales orreceivables.
#2.When an employee skims money off-book sales of merchandise, the theft can bedetected by
comparing the register tape to the cash drawer.
Core Foundation Related to Fraud Examination
and Financial Forensics
Define fraud and identify a potentially fraudulent situation.
Differentiate between fraud and abuse.
Who Commits Fraud and Why: Criminology and Ethics
3-1 Describe occupational fraud and abuse.
3-2 Compare and contrast theories of crime causation.
3-3 Identify the six situational categories that cause nonshareable problems f
Conversion recorded at book value of the bonds:
Bonds Payable 500,000
Premium on Bonds Payable 7,500
Preferred Stock (500 X 20 X $50) 500,000
Paid-in Capital in Excess of Par
(Preferred Stock) 7,500
Unamortized Bond Issue Costs
Cable television franchises
Film contract rights
Goodwill Covenants not to compete (A covenant not to compete, or a non-compete
clause, is an agreement in which o
FASB ACCOUNTING STANDARDS CODIFICATION
In order to complete this project, it will be necessary for you to access the FASB
Codification website through the American Accounting Association. You may login at
Your name: Shivani Daga
1. Please answer in no more than 2 or 3 sentences. I will not read past three sentences.
2. Please show all math for full credit.
3. Please submit response in MS Word via Blackboard by Friday at midnight.