Entries by Munene david

Are there any of the passive activity rules you would change?

Are there any of the passive activity rules you would change? If you would make changes, what changes would you make?   Looking for a Similar Assignment? Order now and Get 10% Discount! Use Coupon Code “Newclient”

 

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Grande Stores is a large discount catalog department store chain

Grande Stores is a large discount catalog department store chain. The company has recently expanded from 6 to 43 stores by borrowing from several large financial institutions and from a public offering of common stock. A recent investigation has disclosed that Grande materially overstated net income. This was accomplished by understating accounts payable and recording […]

 

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The Statement of Cash Flows has historically given students a lot of heartburn, but it really isn’t that scary

The Statement of Cash Flows has historically given students a lot of heartburn, but it really isn’t that scary. A cash-flow statement, simply stated, reports the uses (where the cash was spent) and the sources (where the cash came from) of cash during a period. Let’s start with a very simplistic set of facts. I […]

 

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