Consider the population rate in germandy and Italy very low birth rate and aging population. What policies would you recommend to these countries assuming their desire to achieve sustainable society?
Which of the following is a temporary difference classified as a revenue or gain that is taxable after it is recognized in financial income? a) Subscriptions received in advance. b) Interest received on a municipal obligation. c) Prepaid rent received…
Assume that the VM will turn over 4 times next year if the country wants a GDP of $22 billion at the end of next year, what will have to be the size of the money supply? What percentage increase…
Jan. 1 Prepaid insurance for January through March, $3004 Performed service (gave golf lessons) on account, $2,2005 purchased equipment on account, $1,9008 paid property tax expense, $45011 purchased office equipment for cahs, $80019 performed service and received cahs, $70024 collected…
You want to prepare a 0.1M acetate buffer from the 0.1M solutions of acetic acid and acetate. Explain how many mL of acetic acid would you want per liter of solution (with the rest of the volume coming from the…
The two basic requirements for the accrual of a loss contingency are supported by several basic concepts of accounting. Four of those concepts are periodicity (time periods), measurement, objectivity, and relevance. Discuss how the two basic requirements for accrual of…
Analysts use the quick ratio (also known as the acid test ratio) and the current ratio. The use of both ratios has become common because a. the acid test is a more severe test of a company’s liquidity b. the…
The accountant at Abco, Inc. made an adjusting entry at the end of February to accrue interest on a note receivable from a customer. The effect of this entry is to: A. Decrease ROI for February. B. Increase ROI for…
On January 1, 2010, Lansing Co. purchased a machine for $1,056,000 and depreciated it by the straight-line method using an estimated useful life of eight years with no salvage value. On January 1, 2013, Lansing determined that the machine had…
Your company just bought an asset for $200,000 with an estimated useful life of 5 yrs, and a salvage value of $10,000. The Controller asks you to use a depreciation method that would produce the highest charge against income after…
