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Public Accounting and Auditing (Paperback) Loot Price: R379
Discovery Miles 3 790
Public Accounting and Auditing (Paperback): John F. Sherwood
Public Accounting and Auditing (Paperback): John F. Sherwood

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Public Accounting and Auditing (Paperback)

John F. Sherwood

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Loot Price R379 Discovery Miles 3 790

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This historic book may have numerous typos and missing text. Purchasers can download a free scanned copy of the original book (without typos) from the publisher. Not indexed. Not illustrated. 1920 Excerpt: ...a note for $9,000.00 for Smith and Co., but say it will be paid when due. Accounts payable amount to $63,000.00, insurance amounts to $600 a year and has six months to run. They owe a note at bank for $7,500.00, interest paid to date. They own 50 share's of stock in a company from whom they buy raw materials. They cost $4,200.00, and are presumed to be worthless. Inventory was taken at a selling price of 10% more than cost. This amounts to $26,400.00. You are not asked to accept any responsibility for the figures in the statement but simply to prepare the statement in the best form you can from their letter. C. P. A. Ind. 2. A company is formed under the laws of Mexico, to take over and work certain mining properties. At the end of one year the company is found to possess: Mining lands $ 484,675.48 Buildings and Improvements 20,409.76 Machinery 25,612.88 Cash on hand and in bank 24,612.50 Silver Bullion 85,209.50 Ore in dump 13,680.00 Merchandise 5,420.80 Fuel, oil, etc 679.20 The company owes: On open accounts 3,890.12 On account of pay-rolls 400.00 Note due in six months with int. 6% 25,000.00 Capital Stock (Fully paid) is 500,000.00 Set up Balance Sheet. C. P. A. Mich. C. INCOME TAX QUESTION You own two houses, in one of which you live. The other is leased to a tenant at a fixed monthly rental. You paid during 1918 real estate taxes to the state, county, city or township on both properties. You also paid for the repairs on both. (a) Does the present federal income tax law make any distinction between the two properties as to these two classes of expenses? (b) If so, explain the reason, if any, for the distinction. Inst. Ex. 1919. Chapter Nine FIXED ASSETS (Continued) Capital and Revenue Expenditures. Buildings are also subject, after construction or purc...


Imprint: Rarebooksclub.com
Country of origin: United States
Release date: March 2012
First published: March 2012
Authors: John F. Sherwood
Dimensions: 246 x 189 x 5mm (L x W x T)
Format: Paperback - Trade
Pages: 98
ISBN-13: 978-1-130-42698-4
Barcode: 9781130426984
Categories: Promotions
Books > Business & Economics > Business & management
Books > Business & Economics > Business & management > General
Books > Business & Economics > Economics
Books > Business & Economics > Economics > General
Books > Humanities > History
Books > Humanities > History > General
Books > History > General
LSN: 1-130-42698-X

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