In March 2018, Toys R Us confirmed that it would close all of its U.S. stores after its plans to survive Chapter 11 bankruptcy proceedings failed. Visit the SEC’s Edgar database to locate the company’s (1) Form 10-K filing for the fiscal year ended January 28, 2017 (filed on April 12, 2017) and (2) Form […]
In an annual audit at December 31, 2019, you find the following transactions near the closing date: 1. Merchandise costing $625 was received on December 28, 2019, and the invoice was not recorded. You located it in the hands of the purchasing agent; it was marked “on consignment.” 2. A packing case containing products costing […]
Discussion on the following instructions below Is globalization a good thing or bad? Is it making the world richer or poorer? Does globalization promote international understanding and tolerance or does it threaten local cultures? Post a thread in either the Globalization Is Good or Globalization Is Bad folder no later than midnight, January 28, and […]
Widening Horizons Limited, a UK company which owns and rents out properties, established a wholly-owned overseas subsidiary in South Africa, Foreign Venture Limited, on 1 January 2017. Widening Horizons Limited subscribed £100,000 in cash for one million shares of 1 Rand (ZAR1) each. Foreign Venture Limited immediately raised a long-term loan of ZAR500,000 and purchased […]
On June 1, 2019 Adelphi Corporation issued $115,000 of 6%, 5-year bonds. The bonds which were issued at 105, pay interest on January 1 and June 1. Use this information to calculate the amount of bond discount or premium that is amortized with each interest payment. If this is discount amortization enter as a positive […]
Adjustment data at December 31 follow: a.On December 15, Avery contracted to perform services for a client receiving $2,700 in advance. Avery recorded this receipt of cash as Unearned Revenue. As of December 31, Avery has completed $2,100 of the services. b.Avery prepaid two months of rent on December 1. (Assume the Prepaid Rent balance as shown on the […]
In a short form essay of 200-300 words, answer the following: What three aspects of the Nazi Party’s platform and/or tactics were most important to Hitler being appointed Chancellor by January 1933?
