building was $30 million and its tax basis was $20 million. At December 31‚ 2013‚ the carrying value of the building was $28 million and its tax basis was $13 million. There were no other temporary differences and no permanent differences. Pretax accounting income for 2013 was $45 million.On January 1‚ 2010‚ Ameen Company purchased a building for $36 million. Ameen uses straight-line depreciation for financial statement reporting and MACRS for income tax reporting. At December 31‚ 2012‚ the carrying
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[pic] |Auditing – ACC 403 | |Student Course Guide | |Prerequisite: ACC 304 | | |
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Chapter 02 Reporting Intercorporate Interests Multiple Choice Questions On January 1‚ 2007‚ Rotor Corporation acquired 30 percent of Stator Company ’s stock for $150‚000. On the acquisition date‚ Stator reported net assets of $450‚000 valued at historical cost and $500‚000 stated at fair value. The difference was due to the increased value of buildings with a remaining life of 15 years. During 2007 and 2008 Stator reported net income of $25‚000 and $15‚000 and paid dividends of $10
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ACC 291 Week 3 Individual Study Guide Accounting Problems - www.paperscholar.com DIRECT LINK TO THIS STUDY GUIDE: http://www.paperscholar.com/acc-291-week-3-individual-assignment-accounting-problems-7/ Instantly Download! Get Better Grades in Less Time! 100% Satisfaction Guarantee DESCRIPTION FOR THIS STUDY GUIDE: TUTORIAL: Includes solutions to accounting problems. Individual Assignment: Accounting Problems QUESTION 1 Don Walls’s gross earnings for the week were $1‚780‚ his
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Have you seen Joaquin Phoenix? I don’t think you have unless you’ve seen Walk the Line. Along with Reese Witherspoon‚ as his co-star‚ this movie is a must-see. This film‚ in my opinion‚ was one of the biggest films of 2006. It is a drama and documentary on the life of the singer Johnny Cash. The director‚ James Mangold‚ definitely let his skills shine with this picture. Joaquin Phoenix played Cash and represented him down to a tee. From the body language‚ to the singing voice‚ you have to look
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The phoenix (Greek: Φοίνιξ Greek pronunciation: [ˈfiniks]‚ Persian: ققنوس‚ Arabic: العنقاء أو طائر الفينيق‚ Chinese: 鳳凰 or 不死鳥‚ Hebrew:פניקס) is a mythical sacred firebird that can be found in the mythologies of the Persians‚ Greeks‚ Romans‚ Egyptians‚ Chinese‚ and (according to Sanchuniathon) Phoenicians. A phoenix is a mythical bird with a colorful plumage and a tail of gold and scarlet (or purple‚ blue‚ and green according to some legends). It has a 500 to 1000 year life-cycle‚ near the end of
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the counter‚ the customers can see other employees making the pizzas and the large ovens in which the pizzas are baked. Instructions: Identify the six principles of internal control and give and example of each principle that you might observe when picking up your pizza. (Note: It may not be possible to observe all principles.) The six principles of internal control are establishment of responsibility‚ Physical‚ mechanical‚ and electronic controls‚ segregation of duties‚ independent internal verification
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SYLLABUS ACC/491 Contemporary Auditing I Copyright ©2014 by University of Phoenix. All rights reserved. Course Description This course is the first in a two-part series that deals with auditing a company ’s financial reports‚ internal controls‚ and Electronic Data Processing (EDP) systems. Topics include auditing standards‚ evidence‚ audit planning and documentation‚ materiality and risk‚ internal control‚ statistical tools‚ and the overall audit plan and program. Course Dates Nov 11‚ 2014 - Dec
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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 copies of shipping documents as required by them. After examining the documents‚ the SEC will be satisfied that we were correct in including these sales in the revenues for the related accounting period. Such inquiries by SEC take place when their
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Phoenix Organics is a company that’s goal is to make a difference to the community‚ to the planet and to the health of its people. Their vision was to create something that would be good for the planet and good for the health of its people. And so in 1987 Chris Morrison‚ Roger Harris and Deborah Cairns created the first Phoenix product. The company started with a drink called "Ginger Fizz"‚ a naturally fermented product that was often determined to get out of the bottle before the top was cracked
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