Questions from Financial Accounting

Q: Obtain the Target Corporation’s annual report at http://investors.target

Obtain the Target Corporation’s annual report at http://investors.target.com using the instructions in Appendix B, and use it to answer the following questions: a. Who are the independent auditors for...

Q: The following cash and bank information is available for three companies at

The following cash and bank information is available for three companies at June 30, Year 1: Required: a. Organize the class into three sections and divide each section into groups of three to five...

Q: The trial balance of Pacilio Security Services, Inc. as of

The trial balance of Pacilio Security Services, Inc. as of January 1, Year 6, had the following normal balances: During Year 6, Pacilio Security Services experienced the following transactions: 1. P...

Q: a. Discuss the requirements of Section 404 of the Sarbanes–

a. Discuss the requirements of Section 404 of the Sarbanes– Oxley Act and how it relates to COSO. b. What type of companies do these rules apply to?

Q: In Year 1, Kim Company sold land for $80,

In Year 1, Kim Company sold land for $80,000 cash. The land had originally cost $60,000. Also, Kim sold inventory that had cost $110,000 for $198,000 cash. Operating expenses amounted to $36,000. Req...

Q: List and describe nine features of a strong internal control system discussed

List and describe nine features of a strong internal control system discussed in this chapter.

Q: Assume you are the owner of a small business that has only

Assume you are the owner of a small business that has only two employees. a. Which of the internal control procedures are most important to you? b. How can you overcome the limited opportunity to use...

Q: a. Why are special controls needed for cash? b

a. Why are special controls needed for cash? b. What is included in the definition of cash?

Q: As of June 30, Year 1, the bank statement showed

As of June 30, Year 1, the bank statement showed an ending balance of $19,500. The unadjusted Cash account balance was $15,200. The following information is available: 1. Deposit in transit: $2,400. 2...

Q: The following information is available for Trinkle Company for the month of

The following information is available for Trinkle Company for the month of June: 1. The unadjusted balance per the bank statement on June 30 was $81,500. 2. Deposits in transit on June 30 were $3,150...