Financial Accounting

Your client doesn’t want to pay a monthly fee for their QuickBooks Payments merc

Your client doesn’t want to pay a monthly fee for their QuickBooks Payments merchant account. What other option is available to them, and where in QuickBooks Online can they sign …

Your client found three suitable sites, each having certain unique advantages, f

Your client found three suitable sites, each having certain unique advantages, for a new plant. To thoroughly investigate the advantages and disadvantages of each site, one-year o…

Your client found three suitable sites, each having certain unique advantages, f

Your client found three suitable sites, each having certain unique advantages, for a new plant. To thoroughly investigate the advantages and disadvantages of each site, one-year o…

Your client has asked you to evaluate an investment project for her using what y

Your client has asked you to evaluate an investment project for her using what you have learned in school regarding the net present value method.  The project will run for eight y…

Your client has asked you to turn on warnings for duplicate check and bill numbe

Your client has asked you to turn on warnings for duplicate check and bill numbers in their QuickBooks Online company. Take a look at the steps below. 1. ______________ 2. Under Y…

Your client has moved and needs you to modify the business address of the compan

Your client has moved and needs you to modify the business address of the company in QuickBooks Online. Take a look at the steps below. 1. Sign in to your QuickBooks Online Accoun…

Your client is Dr. Quack, an MD who owns 100% of her medical practice of which t

Your client is Dr. Quack, an MD who owns 100% of her medical practice of which the legal entity is an LLP. The medical practice generates a net income of $800,000 per year before …

Your client is XYZ company. After discussions it is identified they require a sp

Your client is XYZ company. After discussions it is identified they require a spreadsheet summarising the repayment amounts and current balance for a long-term loan of $500,000 to…

Your client is facing a possible personal holding company tax or accumulated ear

Your client is facing a possible personal holding company tax or accumulated earnings tax in 2017. Advise the client as to the total tax due and what the effective tax rate will b…

Your client is in the planning phase of a major plant expansion which will invol

Your client is in the planning phase of a major plant expansion which will involve the construction of a new warehouse. The assistant controller does not believe that interest cos…

Your client is in the top marginal tax bracket and wants to donate $10,000 to th

Your client is in the top marginal tax bracket and wants to donate $10,000 to the American Heart Association.The assets he is considering using to make the donation include $10,00…

Your client is in the top marginal tax bracket and wants to donate $10,000 to th

Your client is in the top marginal tax bracket and wants to donate $10,000 to the American Heart Association.The assets he is considering using to make the donation include $10,00…

Your client is planning to invest some of its excess cash in 5-year revenue bond

Your client is planning to invest some of its excess cash in 5-year revenue bonds issued by the county. To avoid volatility in their financial statements due to fair value adjustm…

Your client is planning to open her own architectural firm for the reasons discu

Your client is planning to open her own architectural firm for the reasons discussed above. One of her concerns is the amount of time that she will have available to work in the b…

Your client is planning to open her own architectural firm for the reasons discu

Your client is planning to open her own architectural firm for the reasons discussed above. One of her concerns is the amount of time that she will have available to work in the b…

Your client is planning to open her own architectural firm for the reasons discu

Your client is planning to open her own architectural firm for the reasons discussed above. One of her concerns is the amount of time that she will have available to work in the b…

Your client is preparing financial statements to show the bank. You know that he

Your client is preparing financial statements to show the bank. You know that he has incurred a refrigeration repair expense during the month, but you see no such expense on the b…

Your client was born on Nov 28, 1945. This client must take his first required m

Your client was born on Nov 28, 1945. This client must take his first required minimum distribution from an IRA no later than   a. April 1, 2017 b. April 1, 2016 c. May 28, 2016 d…

Your client, Alternate Fuel, Inc. (a regular corporation), owns three sandwich s

Your client, Alternate Fuel, Inc. (a regular corporation), owns three sandwich shops in the Philadelphia area. In 2014, the year Alternate Fuel incorporated, it acquired land on t…

Your client, Burley Designs, recently acquired a new machine to build bicycle wh

Your client, Burley Designs, recently acquired a new machine to build bicycle wheels for the tandems, recumbents and trailers they build. Total machine cost after installation, ca…

Your client, Covina Real Estate Holding, Inc. (CREH), PURCHASED SOME LAND 10 YEA

Your client, Covina Real Estate Holding, Inc. (CREH), PURCHASED SOME LAND 10 YEARS AGO FOR $25,000, intending to build a new office building. For a number of reasons, the office b…

Your client, Covina Real Estate Holding, Inc. (CREH), PURCHASED SOME LAND 10 YEA

Your client, Covina Real Estate Holding, Inc. (CREH), PURCHASED SOME LAND 10 YEARS AGO FOR $25,000, intending to build a new office building. For a number of reasons, the office b…

Your client, Covina Real Estate Holding, Inc. (CREH), PURCHASED SOME LAND 10 YEA

Your client, Covina Real Estate Holding, Inc. (CREH), PURCHASED SOME LAND 10 YEARS AGO FOR $25,000, intending to build a new office building. For a number of reasons, the office b…

Your client, Covina Real Estate Holding, Inc. (CREH), purchased some land 10 yea

Your client, Covina Real Estate Holding, Inc. (CREH), purchased some land 10 years ago for $25,000, intending to build a new office building. For a number of reasons, the office b…

Your client, Jeffrey Smith, President and CEO of Malico Corporation of, took acc

Your client, Jeffrey Smith, President and CEO of Malico Corporation of, took accounting a number of years ago and was unaware of comprehensive income reporting. He is not convince…

Your client, Jeffrey Smith, President and CEO of Malico Corporation of, took acc

Your client, Jeffrey Smith, President and CEO of Malico Corporation of, took accounting a number of years ago and was unaware of comprehensive income reporting. He is not convince…

Your client, Keith Stellar Leasing Company, is preparing a contract to lease a m

Your client, Keith Stellar Leasing Company, is preparing a contract to lease a machine to Souvenirs Corporation for a period of 27 years. Stellar has an investment cost of $427,10…

Your client, Mr. and Mrs. Smith, have asked you about making a $120,000 cash cha

Your client, Mr. and Mrs. Smith, have asked you about making a $120,000 cash charitable contribution to their church. They have heard that the new tax law has changed some of the …

Your client, Ray, was overly stressed and quit his job as a corporate executive.

Your client, Ray, was overly stressed and quit his job as a corporate executive. Rather than finding a new desk job, Ray decided he would devote his newly found free time to betti…

Your client, Richie Rich, as come to you for advice. Richie is interested in man

Your client, Richie Rich, as come to you for advice. Richie is interested in many social welfare issues, such as welfare reform, abortion rights, and access to higher education. H…

Your client, Summerford, Inc., has a debt agreement with Valley City Bank that i

Your client, Summerford, Inc., has a debt agreement with Valley City Bank that includes a number of restrictions and covenants. Violation of any restriction or covenant results in…

Your clients, Adam and Amy Accrual, have a 21-year-old daughter named April. Apr

Your clients, Adam and Amy Accrual, have a 21-year-old daughter named April. April is single and is a full-time student studying for her bachelor’s degree in accounting at Califor…

Your coin collection contains 44 1952 silver dollars. If your grandparents purch

Your coin collection contains 44 1952 silver dollars. If your grandparents purchased them for their face value when they were new, how much will your collection be worth when you …

Your company (Innovative Project Resources) was just awarded a pipe installation

Your company (Innovative Project Resources) was just awarded a pipe installation Lump Sum contract by Refined Gas Corp. Your estimate budgeted 2.3 man-hours per linear feet of pip…

Your company bought a 30-second advertisement that aired during the Super Bowl a

Your company bought a 30-second advertisement that aired during the Super Bowl at a cost of $1.2 million. It is legally obligated to pay for the ad but has not yet done so. How do…

Your company currently produces steel and aluminum rims. The board of directors

Your company currently produces steel and aluminum rims. The board of directors wants you to consider the introduction of a new line of rims. Which of the following costs are rele…

Your company has 500 units in inventory that had been purchased for $12 each and

Your company has 500 units in inventory that had been purchased for $12 each and that would currently cost $15 to replace. Your supplier has just announced the cost of these goods…

Your company has a travel policy that reimburses employees for the “ordinary and

Your company has a travel policy that reimburses employees for the “ordinary and necessary” costs of business travel. Employees often mix a business trip with pleasure by either e…

Your company has been approached to bid on a contract to sell 16,000 voice recog

Your company has been approached to bid on a contract to sell 16,000 voice recognition (VR) computer keyboards a year for 4 years. Due to technological improvements, beyond that t…

Your company has been approached to bid on a contract to sell 16,000 voice recog

Your company has been approached to bid on a contract to sell 16,000 voice recognition (VR) computer keyboards a year for 4 years. Due to technological improvements, beyond that t…

Your company has been awarded the contract for new foundation to the engineering

Your company has been awarded the contract for new foundation to the engineering building and you have been assigned as the project executive. The contract has a value of $22,000,…

Your company has been doing well, reaching $1.05 million in earnings, and is con

Your company has been doing well, reaching $1.05 million in earnings, and is considering launching a new product. Designing the new product has already cost $543, 000. The company…

Your company has decided to embark on a Facebook Ad Campaign. You know that the

Your company has decided to embark on a Facebook Ad Campaign. You know that the ad itself will cost $10,000/month and you plan to run it for 6 months. You want to go beyond the ba…

Your company has developed this new product called Squeaky Doors. Why wait for a

Your company has developed this new product called Squeaky Doors. Why wait for a door that becomes squeaky when you can have new doors that squeak immediately.                    …

Your company has developed this new product called Squeaky Doors. Why wait for a

Your company has developed this new product called Squeaky Doors. Why wait for a door that becomes squeaky when you can have new doors that squeak immediately. The Marketing Manag…

Your company has established the following data relating to activity cost pools,

Your company has established the following data relating to activity cost pools, cost drivers and costs for the coming year: Activity Cost Drivers Total activity cost for year Bud…

Your company has just been named as defendant in a lawsuit related to a leak of

Your company has just been named as defendant in a lawsuit related to a leak of chemicals, from one of your company's plants onto private property. The plaintiff is suing for $5 m…

Your company has just been named as defendant in a lawsuit related to a leak of

Your company has just been named as defendant in a lawsuit related to a leak of chemicals, from one of your company's plants onto private property. The plaintiff is suing for $5 m…

Your company has made some big changes to the accounts payable process this year

Your company has made some big changes to the accounts payable process this year and needs to update their records to document the new accounts payable process before the external…

Your company has negotiated the purchase of some land, a building, equipment, an

Your company has negotiated the purchase of some land, a building, equipment, and vehicles for $2,000,000. The appraised values of these assets is as follows: Land Building Equipm…