Entries by Us Online Professors

People these days use plastic bottles filled with water since it is durable and light to carry. Many

People these days use plastic bottles filled with water since it is durable and light to carry. Many colorful plastic water bottles out in the market today which are trendy, and perfect for active lifestyle. Those colorful bottles are made with polycarbonate plastics. However, majority of the plastic water bottle users did not know that […]

(Learning Objective 1: Account for warranty expense and the related liability) The accounting… 1 answer below »

(Learning Objective 1: Account for warranty expense and the related liability) The accounting records of Tanner Appliances included the following balances at the end of the period: In the past, Tanner’s warranty expense has been 9% of sales. During the current period the business paid $9,200 to satisfy the warranty claims.  

Question 1:According to IFRS 10, which one of the following reasons requires a parent not to present

Question 1:According to IFRS 10, which one of the following reasons requires a parent not to present consolidated financial statements.a) It is a wholly – owned subsidiary or is partially owned subsidiary of another entity and its other owners, including those not otherwise entitled to vote, have been informed about, and do not object to […]

Task back to top You have been recently employed as an accountant for the Platinum Manufacturing… 1 answer below »

Task back to top You have been recently employed as an accountant for the Platinum Manufacturing Group. The CEO, Ms James, has tasked you with reviewing their system for the purchase, receipt, storage and issuance of raw materials as part of their expenditure process. To facilitate this, she has provided you with key information relating […]

Much of the analysis done by financial managers is based onnumbers that are different from what woul

Much of the analysis done by financial managers is based onnumbers that are different from what would seem to be thecorresponding numbers presented in the financial statements. Thisdifference is not due to any kind of cooking the books or otherattempts to mislead anyone. One example is the use of market valuerather than historical cost in […]