ACC541 Client Response Paper I Accounting Theory and Research University of Phoenix Mr. Heber W. Howard TO: Supervising Manager FROM: RE: Trucking lease options This memo is intended to inform you on leasing information in the Financial Accounting Research System (FARS) and create a recommendation for the regional trucking company as it pertains to their leasing options. This memo will briefly cover sales-type‚ direct financing‚ and operating leases for your information. If
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The Lawyer-Client Relationship CJA/324 The Lawyer-Client Relationship The Lawyer-Client relationship is a relationship similar to one of a long-time best friend. The information passed among an attorney‚ and the client is very confidential‚ as information shared with a best friend whom an individual believes and trusts in what that person says to him and primarily keep the information between the two. Lawyers must keep information
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E3-18 (Page 152) Determine the following 2011 balance sheet items: 1. Current assets 2. Shareholders’ equity 3. Non-current assets 4. Long-term liabilities Solution 3-18 1. Acid-test ratio = Quick assets ÷ Current liabilities =1.20 Quick assets = Current assets - Inventories Quick assets = Current assets - $840‚000 Current assets ÷ Current liabilities =2.25 Current assets - $840‚000 ÷ Current liabilities =1.20 $840‚000 ÷ Current liabilities = 1.05 Current liabilities = $800
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Managerial Accounting: Week 1 Assignment 1 Corriene Power ACC202: Principles of Financial Accounting Mr. Babawale Alao January 27‚ 2011 10 – 1 Identifying Financial versus managerial accounting characteristics a. Managerial Accounting b. Financial accounting c. Managerial Accounting d. Financial accounting e. Managerial Accounting f. Financial Accounting g. Financial accounting h. Managerial accounting i. Financial Accounting j. Managerial accounting
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CHAPTER 1: EXERCISE 1-5 Asset Cash Equipment Supplies Accounts receivable Liability Accounts payable Notes payable Salaries and wages payable Stockholders’ Equity Common stock EXERCISE 1-6 1. 2. 3. 4. 5. 6. 7. 8. 9. Increase in assets and increase in stockholders’ equity. Decrease in assets and decrease in stockholders’ equity. Increase in assets and increase in liabilities. Increase in assets and increase in stockholders’ equity. Decrease in assets and decrease in stockholders’
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MEMO To: Manager of Newman Title Inc. From: Date: 12 September 2011 Re: SEC investigation and Resignation of CFO The purpose of this memo is to provide Newman Title Inc. manager‚ about the investigation from U.S. Securities and Exchange Commission (SEC) regarding Newman Title’s accounting practice of revenue recognition‚ and the impact of CFO’s resignation for the company its share market. Legally we are required to comply with the request of the SEC and give the SEC the invoices and
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Solutions Guide: Please do not present as your own. This is only meant as a solutions guide for you to answer the problem on your own. I recommend doing this with any content you buy online whether from me or from someone else. BYP13-4 The Coca-Cola Company and PepsiCo‚ Inc. provide refreshments to every corner of the world. Selected data from the 2004 consolidated financial statements for The Coca-Cola Company and for PepsiCo‚ Inc.‚ are presented here (in millions).Coca-Cola PepsiCoTotal
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Before Chrysler merged to become DaimierChrysler AG‚ they were presented with a takeover bid of $55 per share by MGM billionaire Kirk Kerkorian and former Chrysler chairman Lee Iacocca. Kirk Kerkorian was a stockholder in Chrysler and an experienced takeover financier who apparently found Chrysler to be a good buy. Chrysler rejected the offer‚ however‚ stating that the firm was not for sale. Further‚ many Wall Street experts felt that Kerkorian could not come up with the $20 billion necessary to
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Description of Client Situation Precious is a seventeen year old‚ English speaking; African American female who has just gave birth to second child. Clients first born Daughter lives with client’s grandmother in a safe environment. Grandmother however has stated she is not able house client and second child due to fear of the client’s mother (grandmother’s daughter). Therefore‚ Client does not have family that can provide her safe and adequate housing in which she can stay with her infant son and
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Attorney / Client Privilege Richard R Parrish CJS / 220 July 3‚ 2013 David McNees Attorney / Client Privilege With the American Criminal Justice System‚ a person accused of a crime has the right to be represented by an attorney to advise them and represent them in a court. Attorneys must meet with clients and get information from the client to help form a strong defense strategy for their case. Attorney and their clients have what is known as attorney-client privilege‚ which allows attorneys
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