by Dan | Oct 20, 2022 | Accounting
As the full-time bookkeeper, your job is to make sure all transactions are recorded properly. If there is an error, each correction needs the reason for the change and the effect on each account, whether it is an increase or decrease. 1. What are some...
by Dan | Jun 8, 2022 | Analysis
You need to work with the case titled “Kan Enterprises: Accounting, Control, Management DecisionMaking, and Performance in a Newly-Acquired Business”. You need to present your answers based on the case questions which is available within the case itself....
by Belinder | Nov 21, 2021 | Accounting
Please answer with clear steps. An investment of $10,000 in a high-risk venture has a 50-50 chance over the next year of increasing to $14,000 or decreasing to $8,000. That means that the net return can be either $4,000 or $-2,000. Suppose that a prospective investor...
by Dan | Aug 3, 2021 | Main
On April 1, 20X1, the firm purchased equipment for $83,000. The equipment was estimated to have a useful life of five years and a salvage value of $12,500. Record an adjustment for depreciation on the equipment for October. what would depreciation be. I cannot figure...
by Admin | May 16, 2020 | Accounting
Tim Johnson, CPA, is the senior in-charge on an audit of a medium sized ($20M in assets) client, Dalton Enterprises, Inc. This client is a family owned and operated corporation. Mr. William Dalton (67 years old) is the president who micro-manages all aspects of the...
