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AUDITING FOR THE PERFECT PIES (PP) LTD
AUDITING
Identify the unresolved problems which need to be addressed and discuss why each is a problem for as auditor and the potential impact of each on the financial statements.
Although the financials of the company are very good and represent that company is ...
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BALANCE SHEET
Balance sheet
Balance sheet
Los Lobos
Balance Sheet
For the Year 2006-2007
Assets
2007
2006
Liabilities
2007
2006
Short term Assets
Short term Liabilities
Cash
$209,700
$32,000
Trade accounts payable
-126,300
-15,500
Accounts receivable
510,900
30,000
Income taxes payable
-21,000
-29,100
Allowance for doubtful accounts
-1,300
-1,100
Deferred income taxes
-5,300
-4,600
Inventory
31,000
47,000
8% callable bonds payable
-45,000
-20,000
Property, plant, & equipment
105,000
95,000
Accumulated depreciation
-16,500
-15,000
Stock Holder's Equity
Purchases
219500
Unamortized bond discount
4,500
5,000
Common stock
-61,600
-40,000
Additional ...
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CREVE COUER PIZZA INC.
Creve Couer Pizza Inc.
Creve Couer Pizza Inc.
Question No. 1
Moral Conscience of Certified Public Accountant
It is the responsibility of auditors to serve as the Moral Conscience for their clients as they know each and every financial detail of the business. Being CPA, they are in a ...
Rating
RESTRUCTURING DEBT DATA
Restructuring Debt Data
Restructuring Debt Data
Introduction
Restructuring of debt is the process that occurs when a debtor is unable to pay its commitments or when both parties for various reasons, prefer to change the terms of the debt previously agreed. As in many cases it is possible or ...
Rating
SOUTHWEST AIRLINES
Southwest Airlines
Southwest Airlines
Introduction
In 2006 Southwest Airlines marked its 34th consecutive year of profitability. No other airline came close to matching its performance. And Southwest had achieved those results while growing from an upstart to the largest U.S. airline in terms of number of passengers flown.
Southwest had succeeded where others ...
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FINANCIAL ANALYSIS OF CARNIVAL CORPORATION & PLC
Financial Analysis of Carnival Corporation & PLC
Financial Analysis of Carnival Corporation & PLC
Summary
In drawing up accounting statement of Carnival Corporation & PLC, if they are external "financial accounts" or internally-focused "management accounts", a clear target has to be that the anecdotes equitably ...
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TAXATION
Taxation
Taxation
Income Tax
Income tax is a tax paid on income. It is paid by employees and people who are self-employed. It may also be payable if you aren't working if, for example, you have an income from a pension or savings. Not all types of income are taxable and it ...
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OVERHEAD COST IN HOSPITALS
Overhead Cost in Hospitals
Overhead Cost at Hospitals
Overhead Cost
Overhead is a term that is often called the cloud of activities (and costs), as it were above the primary process of the enterprise depends. Sometimes used as a synonym for office overhead expenses, but it is more ...
Rating
TMA
TMA
TMA
Answer 1:
Income statement: Purpose and uses
A statement of income provides insight into a corporation's sales and expense amounts, and how they affect liquidity levels in the short term. A company usually prepares monthly income statements to assess business performance. The purpose of the income statement is to show the ...
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BUSINESS LAW
Business Law
Business Law
Introduction
Business law governs the activities of the corporations at large. It incorporates certain legally accepted practices, which have to be followed by every company that is registered under the law. In the UK, there is no constitution as a single legislative act and securing foundation of social ...