Maurice Tutor

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About Maurice Tutor

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Elementary,Middle School,High School,College,University,PHD

Expertise:
Algebra,Applied Sciences See all
Algebra,Applied Sciences,Biology,Calculus,Chemistry,Economics,English,Essay writing,Geography,Geology,Health & Medical,Physics,Science Hide all
Teaching Since: May 2017
Last Sign in: 409 Weeks Ago
Questions Answered: 66690
Tutorials Posted: 66688

Education

  • MCS,PHD
    Argosy University/ Phoniex University/
    Nov-2005 - Oct-2011

Experience

  • Professor
    Phoniex University
    Oct-2001 - Nov-2016

Category > Management Posted 07 Jun 2017 My Price 15.00

Flows Income Statement

1 through 5 3-7 and 3-8 - Five-Year Financial SummaryShareholders InvestmentCash FlowsIncome StatementBalance SheetWork Paper 3-8Work Paper 3-7InstructionsDatesNet SalesGross ProfitIncome from operationsOther income (expense):

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Five-Year Financial Summary Shareholders Investment Cash Flows Income Statement Balance Sheet Work Paper 3-8 Work Paper 3-7 Instructions Dates Net Sales Gross Profit Income from operations Other income (expense): Income before income taxes Income tax provision Net income Basic earnings per share Diluted earnings per share Basic weighted average shares outstanding Diluted weighted average shares outstanding Cost of sales Selling, general and administrative expenses Non-recurring charge (credit) Interest expense Interest income Gain on sale of subsidiary Other Total other income (expense), net Assets Current Assets: Total current assets Property, plant and equipment, net Intangibles, net Total assets Cash and cash equivalents Receivables, net Inventory Prepaid advertising Other prepaid expenses Deferred income tax benefits Property, plant and equipment, at cost Land and buildings Fixtures and equipment Leasehold improvements Less - accumulated depreciation and amortization Liabilities and shareholder's investment Current liabilities: Total current liabilities Deferred income taxes Shareholders' investment: Lines of credit Accounts payable Reserve for returns Accrued liabilities Accrued profit sharing Income taxes payable Donated capital Additional paid-in capital Total liabilities and shareholders' investment Deferred compensation Accumulated other comprehensive income Retained earnings Common stock, 26,121 shares issued Treasury stock, 6,546 and 6,706 shares at cost, respectively Comprehensive Income Common Stock Donated Capital Additional Paid-in Deferred Compensation Accumulated Other Retained Earnings Treasury Total Purchase of treasury stock Issuance of treasury stock Tax benefit of stock options exercised Deferred compensation...

                 
  EarthWear Hands-on Mini-case              
  Chapter 3 - Materiality and Tolerable Misstatement              
  © The McGraw-Hill Companies, Inc., 2012              
                 
  In this mini-case you will determine planning materiality as well as tolerable misstatement amounts for balance sheet accounts of EarthWear Clothiers, Inc. While many auditing firms use a simple approach for establishing planning materiality and tolerable misstatement similar to the one illustrated in your textbook, some firms use more detailed guidelines that involve allocating a multiple of planning materiality to balance sheet accounts. This case illustrates one such approach.              
                 
  INSTRUCTIONS:              
                 
1 Read the Materiality Guidelines for Willis & Adams CPAs. To open the guidelines document please double-click on the following icon. A document will open in Microsoft Word.               
 
 
   
 
             
               
               
               
               
2 Following the Materiality Guidelines for Willis & Adams CPAs, complete all the fields on Work Paper 3-7 indicated in yellow (Work Paper 3-7 is found on the next tab of this worksheet). For your convenience, EarthWear Financial Statements have been included in worksheet tabs after the working papers.              
  Fields you are to complete on work papers are colored yellow. The color will disappear when the field is completed.              
                 
3 Following the Materiality Guidelines for Willis & Adams CPAs, complete all the fields on Work Paper 3-8 indicated in yellow.              
  Fields you are to complete on work papers are colored yellow. The color will disappear when the field is completed.              
                 
4 When completed with the work papers, enter your initials in the yellow box with title                     "Initial Here".              
                 
5 Please print hard copies of work papers 3-7 and 3-8 for submission unless your instructor requests an electronic submission. The work papers are each formatted to fit on one page.              

Answers

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Status NEW Posted 07 Jun 2017 08:06 PM My Price 15.00

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