2. 1. What types of accountants perform tax research? Who else performs tax research? 2. At what points in the life of a transaction might it be necessary for an accountant to perform tax research? 3. Identify the four key steps in the tax research process.4. What is a citator? Why is it important to use a citator when conducting tax research?5.. Using the AICPA’s Statements on […]

Financial statements of Rukavina Corporation follow: Comparative Balance Sheet Ending Balance Beginning Balance Assets: Cash and cash equivalents $ 36 $ 38 Accounts receivable 39 44 Inventory 34 35 Property, plant, and equipment 386 360 Less accumulated depreciation 202 191 Total assets $ 293 $ 286 Liabilities and stockholders’ equity: Accounts payable $ 71 $ 61 Bonds payable 176 220 Common stock 81 80 Retained […]

The University has also provided your class with two components of its most recent financialstatements of its machine-shop that produces chairs. Prior to COVID-19, the machine-shopcontributed 4% to the University’s income; the trend appears to be falling since.The University is contemplating purchasing some additional equipment at an initial cost of$30 million, which they hope will turn around the earnings fortunes of the machine-shop.Statement of Income […]

A bond has coupon rate=5%, YTM=8%, and maturity=5 years. If the price of the bond is $10,000, what must be the face value?A stock pays a quarterly dividend of $5. The first dividend will be received in exactly one quarter. This dividend payment is expected to continue forever. If the annual interest rate is 10%, what is the stock price per share today?A stock will […]

Construction Accounting.  Focus on Revenues, customer contracts, and financial statements8-10 pagesSection 1:  Industry overview – 1 page maxSection 2: Revenue recognition and Customer Contracts – Bulk of research, also reference ASC 606 and ASU 2014-09 for Revenue from Contracts with CustomersSection 3: Other Accounting considerations – 1 page maxSection 4: Financial statements – How are construction company statements different?  Mostly in the accounting titles – […]

 BoardASSIGNMENT DESCRIPTIONDeliverable Length: 500-750 wordsOBJECTIVESPrimary Discussion Response is due by Friday (11:59:59pm Central), Peer Responses are due by Tuesday (11:59:59pm Central).Primary Task Response: Within the Discussion Board area, write 500 – 750 words that respond to the following questions with your thoughts, ideas, and comments. This will be the foundation for future discussions by your classmates. Be substantive and clear, and use examples to reinforce your ideas:Your […]

5.. Using the AICPA’s Statements on Standards for Tax Services (SSTS) (available online at https://www.aicpa.org/content/dam/aicpa/interestareas/tax/resources/standardsethics/statementsonstandardsfortaxservices/download-abledocuments/ssts-effective-january-1-2010.pdf), answer the following questions and indicate the Statement number and paragraph number of the SSTS where you found each answer: a. May a CPA rely on information provided by third parties in preparing a client’s tax return? When should a CPA not rely on information provided by the client or a […]

1. What are some of the reasons that a financial statement preparer would need to stay current with emerging and recently issued guidance? 2. At what level should you, as a professional, begin to monitor emerging guidance? Why? 3. List three reasons why accounting standards might require change over time. 5. 4. Briefly, describe a typical standard-setting “due process.” 5. Name four organizations who regularly engage in standard-setting, and […]

Question 1:         What changes should be made to the  Accounting Professional & Ethical Standards (APES) to ensure forensic accountants remain at the forefront of their profession [400 words] (15 Marks) Question 2:        A whistleblower has called the hotline to advise that a manager in the payroll section of HiLyfe Sportwear Pty (HiLyfe) has created fictional employees and is stealing those […]

Hello,I need help with completing this case study. Detailed instructions are below. Please be sure to follow them and answer appropriately. Please provide in citation and a reference and a website reference list at the end of the paper.Thank you.Case Study:Analyze one of the conflicts described in the “Conflict at Mehra, Jindal and Associates” case study.In your initial response, assume the role of one of […]