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I have a few questions I am having difficulty with on my finance homework.

1. Mitchell borrows $50,000 from his father and promises to pay it back over the next 10 years, making equal annual end...

I'm thinking "uncover all fraudulent activity" because wouldn't an auditor catch something shady like recording revenue too soon etc. But my text book talks about Managers have the final...

I have a homework question that I'm trying to decide between two answers.

A company's independent auditors have the responsibility to:

a) assess the company's accounting policies
b) uncover...

What is the difference between Debt to Capitalization and Total Debt to Equity? I'm looking at my company which has on its financial report that its debt to capitalization is 36.6% FYE 2008 and 37%...

It's not homework. I'm actually trying to learn accounting on my own in a financial class my employer has in its Professional Growth program. No grade just nice to have on the resume. This was a...

I have two journal entries I need help with.

Merchandise that cost $850 was sold for $965 in cash

Inventory costing $700 was purchased; cash of $500 was paid and the balance is due in 45 days.

When equipment having a net book value of $8,000 is sold for $6000 does the:

current assets increase, equipment decrease and net income decrease
current assets increase, equipment increases and...