WEEK 3 RESEARCH PROJECT (Set #1) ACCT 429 DeVry University IMPORTANT NOTE TO STUDENTS This assignment is being distributed solely for your use in completing the Week 3 project in DeVry University’s online Accounting 429 class. This assignment is an individual assignment, and you are to complete it without any outside assistance by any other student, individual, or outside materials, other than those specifically permitted by the problem. Any violations of these requirements will be addressed
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Chapter 5 Research Case 98 MEMORANDUM Date: July 12, 2012 From: Kathryn Baker To: Teddy Chow (“Taxpayer’s) Tax File Regarding: Federal Income Tax Consequences of damages awarded to the Taxpayer after Taxpayer was injured in an auto accident. I. Relevant Facts: The taxpayer filed a lawsuit to recover damages for personal injuries sustained in a 2000 auto accident. In 2004, a jury awarded the taxpayer $1,620,000. In addition, delay damages in the amount of $1,080,000 were then
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CHAPTER 1 INTRODUCTION TO PROFESSIONAL RESEARCH Discussion Questions 1. Research in general involves the investigation and analysis of an issue in question. The researcher usually applies reasonable and reflective thinking to develop an answer to the issue or problem at hand. Research requires a clear definition of the problem, using professional databases to search the authoritative literature, reviewing and evaluating the data collected, drawing conclusions and communicating your results
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The purpose of performing analytical procedures early in the audit is to enhance the auditor’s understanding of the client’s business and identify accounting issues, operating problems, or unusual transactions that warrant investigation. Field research suggests that analytical procedures often are performed by lower-level staff auditors and consist of simple procedures such as year-to-year account balance comparisons and ratio analysis (Hirst and Koonce 1996; Trompeter and Wright 2010). Paul
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negotiate and sign a new IMF agreement in May 2013 to gain access to approximately $1 billion additional funds. As a precursor, the government instigated a second National Debt Exchange in 2012. Taxes The IMF deal requires the government to reform its tax system,
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Vincent Mokwenye ACCA 545- Financial Reporting Monday December 18, 2012 Memorandum- CPA Report MEMORANDUM Date: December10, 2012 To: Libby Grimes Re: CPA Report This memo is in response to the request for information from the CPA firm examining our subsidiary. The memo addresses information regarding the methodology used to determine deferred taxes, the various procedures used for reporting accounting changes and error corrections, and the rationale for establishing the subsidiary as
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------------------------------------------------- MEMORANDUM Date: January 28, 2013 From: Re: economic Defaults of the affordable Care Act Choose—and concisely describe the circumstances of—a legal issue in a news item. Using material from class sessions and readings, describe the legal topic areas connected with the subject. Provide a foundational understanding of the specific subject area, using additional research as necessary. Address what is at stake for the client/reader
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Memorandum To: Manager CC: CPA Report From: Victoria Callahan Date: 3/4/2013 Re: CPA Report Knowing what to write in the CPA report is important because of the information that is being used to make decision with. In the report it includes the questions that have been ask and what the responsibilities is for a CPA. The method that is used for deferred taxes is temporary difference. Temporary difference is the difference between the tax basis of an asset or liability and its reported (carrying
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THE RISE OF ECONOMIC CONSEQUENCES The impact of accounting reports on decision making may be the most challenging accounting issue of the 1970s. by Stephen A. Zeff Since the 1960s, the American accounting profession has been aware of the increasing influence of "outside forces" in the standardsetting process. Two parallel developments have marked this trend. First, individuals and groups that had rarely shown any interest in the setting of accounting standards began to intervene actively and powerfully
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Economic Development Student’s Name Name Institution Memorandum To: mayor of riverside city in the Inland empire. From: resident of riverside city Date: 1st May 2013 Ref: proposed business attraction strategies for riverside city that would appease the local chamber of commerce. It has come to our knowledge and understanding that the local government needs to do more so as to
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