A major stockholder of a corporation is concerned about the management of her firm, since the company
Question:
A major stockholder of a corporation is concerned about the management of her firm, since the company has land with a value of $8,000,000 being used for parking lots. The controller is aware of the “stewardship function” of accounting and checks the invoices. He finds that the cost of the land was $400,000 and there was no possibility of dishonesty. The controller reports this finding back to the stockholder.
Comment on the information presented to the stockholder.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
The information presented to the stockholder indicates that there is a significant difference between the historical cost and the current market value ...View the full answer
Answered By
Ali Khawaja
my expertise are as follows: financial accounting : - journal entries - financial statements including balance sheet, profit & loss account, cash flow statement & statement of changes in equity -consolidated statement of financial position. -ratio analysis -depreciation methods -accounting concepts -understanding and application of all international financial reporting standards (ifrs) -international accounting standards (ias) -etc business analysis : -business strategy -strategic choices -business processes -e-business -e-marketing -project management -finance -hrm financial management : -project appraisal -capital budgeting -net present value (npv) -internal rate of return (irr) -net present value(npv) -payback period -strategic position -strategic choices -information technology -project management -finance -human resource management auditing: -internal audit -external audit -substantive procedures -analytic procedures -designing and assessment of internal controls -developing the flow charts & data flow diagrams -audit reports -engagement letter -materiality economics: -micro -macro -game theory -econometric -mathematical application in economics -empirical macroeconomics -international trade -international political economy -monetary theory and policy -public economics ,business law, and all regarding commerce
1+ Reviews
10+ Question Solved
Related Book For 
An Introduction To Accounting And Managerial Finance A Merger Of Equals
ISBN: 9789814273824
1st Edition
Authors: Harold JR Bierman
Question Posted:
