Download Category: Accounting

Under what circumstances would this reclassification be considered ethical or unethical Best Exports has noticed their current year net income is only $60,000. In order to get a loan from their bank to assist the business they will need to provide a statement of cash flows. In reviewing the statement of cash flows, you notice … Read more

Explain how you budget and save money. The purpose of this discussion question is to encourage students to think about how they budget, use bank accounts, save, and consider different types of insurance. This question aligns with course objectives 1, 2, 7, 8, and 13 and Chapters 4, 12, 13, 20, and 21. Directions for … Read more

Share your professional opinion on how you feel about the video Outrageous Calls From debt Collectors ABC News Paper details This is the link to the video View the video: Outrageous Calls From debt Collectors ABC News Share your professional opinion on how you feel about the video “Outrageous Calls From debt Collectors ABC News,” … Read more

Explain how to account for the mortgage payment based on U.S. GAAP Bonnie’s Family is a non-profit organization which assists families with low-income, special needs children, or are victims of domestic violence. They have a 30 year mortgage with a 5% interest rate which requires a payment of $3,000 per month. In preparing the financial … Read more

Liabilities can be listed as both long-term and short-term, based on the time frame for paying them Liabilities can be listed as both long-term and short-term, based on the time frame for paying them. You have a notes payable which was issued to purchase inventory and it was issued on 10/15/xx and is for 90 … Read more