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Using he reports from Annual reports from tesla and Annual Report…

Using he reports from Annual reports from tesla and Annual Report Case Study  formulate a comparative balance sheet, income statement, and statement of cash flows, and perform a horizontal analysis of the company’s balance sheet, income statement, and statement of cash flows for the most recent 2 years.  Identify the causes of the change in […]

The Wood River Refinery is an oil refinery located in Roxana,…

The Wood River Refinery is an oil refinery located in Roxana, Illinois, about 15 miles north of St. Louis. Wood River is the largest refinery operated by Phillips 66, and is capable of refining 10 million barrels of crude oil per month. The refinery uses a standard costing system with absorption costing. All over/under applied […]

Types of Software :  1. QuickBooks, 2. Peachtree   1. Compare the…

Types of Software : 1. QuickBooks, 2. Peachtree   1. Compare the pros and cons of each system to show the system’s benefits and drawbacks for businesses in the way they handle transaction processing for accounting cycles.   2. How does artificial intelligence (AI) or machine learning is utilized in the system and how these tools […]

Hello.  I’m having some trouble calculating the Dividends Paid in…

Hello.  I’m having some trouble calculating the Dividends Paid in a certain year.     Retained Earnings 12/31/2020  $539,069 Retained Earnings 12/31/2021  $922,273 Net Income 12/31/2021  $493,204   How do you calculate the Dividends paid in 2021?  There was a dividend declared in 2021 for $110,000, but not paid yet.     What additional information […]

Determine the importance of the company having  property, plant,…

Determine the importance of the company having property, plant, and equipment as part of the long-term assets on its balance sheet. Consider the following questions to guide your response: What are the costs for determining what is included in the acquisition of property, plant, and equipment? What are the methods you can use to calculate depreciation? Which […]

What does the term ‘net realisable value’ mean? What sources of…

What does the term ‘net realisable value’ mean? What sources of evidence could a company use to determine net realisable value?  2. Identify three reasons why net realisable value may fall below cost. What action should  a company take at year end if some of its inventory items have declined in value while other inventory […]

Confirmation of accounts receivable is presumptively a mandatory…

Confirmation of accounts receivable is presumptively a mandatory audit procedure. In performing this procedure, auditors use positive confirmation requests or negative confirmation requests or a combination of both. Address the following in your discussion post: Explain the difference between negative and positive confirmations. Describe conditions which should exist for the auditors to use the negative […]

Rhonda Hill (unmarried) is employed as an office manager at the…

Rhonda Hill (unmarried) is employed as an office manager at the main office of Carter and Associates CPA firm. Rhonda lives in a home she purchased 20 years ago. Rhonda’s older cousin Mabel Wright lives with Rhonda in the home. Mabel is retired and receives $2,400 of Social Security payments each year. Mabel is able […]