I need assistance completing my Accounting assignment. I need assistance with The 2014 financial statements for (Nike and UA) used to calculate ratios in the ratio tab. They are available in the Investor Relations section of the Nike Inc. and Under Armour Inc, with a brief summary on the summary page. I have provided the […]
An entity has changed its depreciation method for production equipment from a straight line method to units of production method based on hours of utilization. The entity’s auditor concurs with the change although it has a material effect on the comparability of the entity’s financial statements. From the following opinion types, select and write the […]
Fast Track Corporation, a calendar year C Corporation, is formed and begins business on April 1, 2015. Fast Track incurs the following transactions in connection with the formation of the business: Organizational expenditures of $54,000 How much deduction will Fast Track Corporation be able to take as organizational expenditures for 2015? Looking for a […]
Mary Green is a full-time undergraduate student at Clayton State University. Mary is an honor student and received a $9,000-per-year scholarship. The scholarship award pays for Mary’s tuition ($6,000), books ($1,000), equipment ($1,200), and incidental expenses ($800). a: Explain how each of the amounts shown above would be treated for tax purposes. b: Calculate the […]
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