Accounting

August 20, 2017

Intermediate Accounting Discussion Question

From link below, briefly discuss the type of contingencies that Coca Cola is involved in and the accounting treatment of such contingencies. Give your opinion on […]

August 20, 2017

Business Expenditures and Deductions

Jane’s Air Conditioning Service decided that this year was the year to “take over” the air conditioning business in her town. Beginning in January, she started […]

August 20, 2017

Should the U.S. Convert to a Zero Personal Income Tax?

In a recent news article located at http://www.nbcnews.com/business/economy/heres-where-your-federal-income-tax-dollars-go-f654971, NBC News reported that the U.S. Government spends $3.6 trillion per year to fund Social Security, Medicare, homeland […]

August 20, 2017

Bank Reconciliation

Purpose of Assignment Reconciling bank accounts is a good way to help maintain internal controls over cash. With time lags and posting errors it is easy […]