Dec 19, 2020 | Uncategorized
One major change in investigating financial frauds in the last 15 years is:The fraudsters are becoming smarterThe basic nature of the crimes are changingThe paper trail for finding fraudulent activities is disappearingThere are increased protections for criminals and...
Dec 19, 2020 | Uncategorized
The Barton Corporation purchased $750,000 of 3%, 5-year bonds at 98 on January 1, 2016. Interest is to be paid semiannually on January 1 and July 1. This is a held-to maturity investment. This company uses the straight-line method to amortize any premiums or...
Dec 19, 2020 | Uncategorized
High of Profit/Low Operating IncomeProvide an example from the Internet that demonstrates a situation in which a company’s net profits looked good in the statements, but the gross or operating profits presented a different picture.Discuss how this might have...
Dec 19, 2020 | Uncategorized
Nicole’s Yogurt Shoppe, Inc. has two liabilities on January 1, 2106 First, she owes $20,000 on a vehicle loan withpayments of $1,000 per month (no interest for this problem). Second, she owes $160,000 on a building loanwhere the monthly payment is $1,400 per...
Dec 19, 2020 | Uncategorized
Ethics CaseCT7.5 Blake Romney became Chief Executive Officer of Peters Inc. two years ago. At the time, the company was reporting lagging profits, and Blake was brought in to “stir things up.” The company has three divisions, electronics, fiber optics, and...
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