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Accounting1

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Accounting1
Consider the following scenarios: (Please respond to each scenario) When we talk about "bad checks," are those always checks our customers have written to us? Explain. Would the company also write any bad checks and what are the repercussions for the same? Give examples to ...

accounting1
Your client is preparing financial statements to show the bank. You know that he has incurred a computer repair expense during the month, but you see no such expense on the books. When you question the client, he tells you that he has not received the official bill, although ...

Accounting1 - ethical issue
Gorries Bearing Company makes all sales of industrial bearings under terms of FOB shipping point. The Company usually receives orders for sales approximately one week before shipping inventories to customers. For orders received late in december Bob Gorries, the owner, decides...

Accounting1 - ethical issue
On a recent trip to Brazil, Carlo degas, sales manager of cyber systems, took his along for a vacation and included her airfare and meals on his expense report, which he submitted for reimbursement. Chelsea Brindley, vice president of sales and Degas boss thought his total ...

Accounting1 - ethical issue
Discount Hardware Wishes to expand its business and has borrowed $200,000 from the Toronto Dominion Bank. As a condition for making this loan, the bank required discount hardware to maintain a current ratio of atleast 1.50 and a debt ratio of no more than 0.50, and to submit ...

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