Question 1.1. (TCO 3) The organization that is responsible for providing oversight for
auditors of public companies is called the _ (Points : 3)
Auditing Standards Board.
American Institution of Public Accountants.
Accounting Oversight Board.
(Conversion of Bonds) On January 1, 2014, Gottlieb Corporation issued $4,000,000 of 10-year,
8% convertible debentures at 102. Interest is to be paid semiannually on June 30 and
December 31. Each $1,000 debenture can be converted into eight shares o
Magnetix a toy company that had a problem with their magnetics being so small that little
children that were between the ages of 3-6 were swallowing the magnetics because they were falling
out of their toys. Some of their magnetics were so powerful that w
Exxon Valdez is an event that is part of the United States of Americas history.
We are all ask ourselves, where were you at on March 24, 1989 when the Exxon Valdez
hit the reef in Prince William Sound in Alaska? This is an event that lives in our memory
What are the primary goals and tenets of SOX with respect to fraud?
The primary goals and tenets of SOX 2002 is to bring attention to fraud within the
accounting department within a cooperation. This bring attention to fraud within the
ACCT551 Course Project
MAA INC. Financial Statements
Notes to Financial Statements
By: Matthew Smith
Table of Contents
Table of Contents
MAA INC. Consolidated Balance Sheet
MAA INC. Consolidated Revenues, Expenses and Retained
(Trading Securities Entries) On December 21, 2013, Bucky Katt Company provided you with the
following information regarding its trading securities.
Clemson Corp. stock Colorado Co. stock Buffaloes Co. stock
Total of portfolio P
Week 4 Course Project Outline
31 January 2016
B. IMC Objectives
The objectives of this campaign over the next 12 months includes;
Identify the brand and the principle objectives of the campaign and qu
(Warranties) Sheryl Crow Equipment Company sold 500 Rollomatics during 2014 at $6,000
each. During 2014, Crow spent $20,000 servicing the 2-year warranties that accompany the
Rollomatic. All applicable transactions are on a cash basis.
When a supervisor hires an employee and makes an mistake on judging the character of a
person then it may be used against them when something goes wrong with that employee. This is what
happened with a supervisor and the assistant controller. The supervis
MKTG522 Integrated Marketing Communications (IMC) Campaign Plan
Topic Proposal Form: Due Week 1
Complete this form and submit it to the Week 1 Course Project: Topic Proposal
Dropbox. Your instructor must approve your idea, and will give you feedback and
(Accounting for R&D Costs) Leontyne Price Company from time to time embarks on a
research pro- gram when a special project seems to offer possibilities. In 2013, the company
expends $325,000 on a research project, but by the end of 2013 it is impos
a. What is auditing?
b. Why does auditing exist?
Conflict between preparers and users
* Blue Handout "Auditing: What & Why"
Our agenda for next week is as follows:
c. What the audit report tells us about auditing.
Read the audit report (on the B
Purchase of land
Demolition of old building
Architect's fees (for new building)
Legal fees for title investigation of land
Property taxes of land (for period beginning March 1, 2013)
Interest on construction loan
Salvageed material sold
E 163: Taxable income given; calculate deferred tax liability
Ayres Services acquired an asset for $80 million in
2013. The asset is depreciated for financial reporting
purposes over four years on a straight-line basis (no
residual value). For tax p
Gain on Sale of Investments
Cost of Goods Sold
General and Administrative Exepense
Income Tax Expense
Plus: Net Purchases
Goods Available for sales
Less: Cost of goods sold
1. The topic number for business combinations.
2. The topic number for related party disclosures.
3. The topic, subtopic, and section number for the initial measurement of internal-use software.
4. The topic, subtopic, and section number for the subsequen
E 201: Change in principle; change in inventory methods
During 2011 (its first year of operations) and 2012, Batali Foods used the FIFO inventory costing method for both financial reporting and tax purposes. At the beginning of 2013, Ba
E 142: Determine the price of bonds in various situations
Determine the price of a $1 million bond issue under each of the following independent
E 143: Determine t
36. LO.1, 2 Which of the following results in a recognized gain or loss?
o a. Kay sells her vacation cabin (adjusted basis of $100,000) for $150,000.
o b. Adam sells his personal residence (adjusted basis of $150,000) for $100,000.
o c. Carl's
P 151: Operating lease; scheduled rent increases
On January 1, 2013, Sweetwater Furniture Company leased office space under a 21-year
operating lease agreement. The contract calls for annual rent payments on December 31 of each
year. The payments ar
19. LO.2 During the year, Eugene had the four property transactions summarized below.
Eugene is a collector of antique glassware and occasionally sells a piece to get funds to
buy another. What are the amount and nature of the gain or loss from each of t
E 175: Determine pension plan assets
The following data relate to Voltaire Companys defined benefit pension plan:
($ in millions)
Plan assets at fair value jan 1
expected return on plan assets
actual return on plan assets