Uncategorized

Cherokee Company’s auditor discovered some errors in 2008 when preparing adjusting entries for 2008. Prepare the appropriate journal entries to be made in 2008 to correct these errors so that 2008 net income and retained earnings are correct.    (1) A machine with a 5-year life was purchased on January 1, 2007. The machine cost […]

E2-4 (Assumptions, Principles, and Constraints) Presented below are the assumptions, principles, and constraints used in this chapter.   1. Economic entity assumption   2. Going concern assumption   3. Monetary unit assumption   4. Periodicity assumption   5. Historical cost principle   6. Fair value principle   7. Expense recognition principle   8. Full disclosure […]

E2-2  (Qualitative Characteristics) The qualitative characteristics that make accounting information useful for decision-making purposes are as follows. Relevance Timeliness Representational faithfulness Reliability Verifiability Comparability Predictive value Neutrality Consistency Feedback value   Instructions Identify the appropriate qualitative characteristic(s) to be used given the information provided below. (a) Qualitative characteristic being employed when companies in the same […]

question 1: Walter Gogel Company is an industrial supplier of fasteners, tools, and springs. The amounts of its invoices vary widely, from less than $20.00 to more than $400.00. During the month of January the company sent out 80 invoices. Here is a box plot of these invoices. Write a brief report summarizing the invoice […]

1. Management accounting reports might include information about:  customer complaints. net income for the year on budgeted income statement. total assets on budgeted balance sheet. All of the above are correct.   2. Which of the following types of information are used in management accounting?   financial information nonfinancial information information focused on the long […]

2 HOURS ECONOMIC FORECASTING EXAM The exel file for number 21 thru 25 is attached PLEASE MINITAB 6 WILL BE NEEDED   FOR ARCHMAGE ONLY Problem 22 Month Monthy Truck Sales Data for Exam 2 Problem 22 through 25 Jan 135 Feb 131 Mar 139 Apr 135 May 134 Jun 134 Jul 139 Aug 136 […]

Planetary differentiation_____.occurred very late in the formation process of the earthplayed no role in the structure of the earthexplains why earth has a solid iron inner coreexplains why earth cuttently has a molten inner core what is the barycenter?the center of mass of the earth-moon systemthe center of mass of the sunthe center of the […]

PART I Select the assumption, principle, or constraint that most appropriately justifies these procedures and practices. (Do not use qualitative characteristics.)   (a) Fair value changes are not recognized in the accounting records. (b) Lower of cost or market is used to value inventories. (c) Financial information is presented so that investors will not be […]

Niagra Falls Sporting Goods Company, a wholesale supply company, engages independent sales agents to market the company’s products throughout New York and Ontario. These agents currently receive a commission of 20 percent of sales, but they are demanding an increase to 25 percent of sales made during the year ending December 31, 20×2. The controller […]

   Juvenile Justice History Identify and discuss the five periods of juvenile justice history and which period you think was the most influential to the evolution of the juvenile justice system. Requirements: 2-3 pages double spaced Use at least two reliable sources other than the text (not Wikipedia)    Two Communication Rules In Your Family […]