Ethical Obligations and Decision-Making in Accounting: Text and Cases (Book ONLY)
Ethical Obligations and Decision-Making in Accounting: Text and Cases (Book ONLY)
4th Edition
ISBN: 9781259543470
Author: Steven M Mintz Chair & Professor of Accounting, Roselyn E. Morris Associate Professor
Publisher: McGraw-Hill Education
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Chapter 2, Problem 1.1CQ
To determine

Explain the issues in the given case from the perspectives of Person K’s Model, and explain the way in which the workgroup standards relate to the given case.

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Anti-Pandemic Pharma Co. Ltd. reports the following information in its income statement: Sales = $5,250,000; Costs = $2,173,000; Other expenses = $187,400; Depreciation expense = $79,000; Interest expense= $53,555; Taxes = $76,000; Dividends = $69,000. $136,700 worth of new shares were also issued during the year and long-term debt worth $65,300 was redeemed. a) Compute the cash flow from assets b) Compute the net change in working capital
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Ethical Obligations and Decision-Making in Accounting: Text and Cases (Book ONLY)

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