Suppose you are starting a business, wholly shirts, to imprint logos on t-shirts. in organizing the business and setting up its accounting records, you take your information to a cpa to prepare financial statements for the bank. name the organization that governs the majority of the guidelines that the cpa will use to prepare financial statements for wholly shirts. what are those guidelines called?

Diversified semiconductors sells perishable electronic components. some must be shipped and stored in reusable protective containers. customers pay a deposit for each container received. the deposit is equal to the container’s cost. they receive a refund when the container is returned. during 2018, deposits collected on containers shipped were $856,000. deposits are forfeited if containers are not returned within 18 months. containers held by customers at january 1, 2018, represented deposits of $587,000. in 2018, $811,000 was refunded and deposits forfeited were $41,000. required: 1. prepare the appropriate journal entries for the deposits received and returned during 2018. 2. determine the liability for refundable deposits to be reported on the december 31, 2018, balance sheet.

Used cars usually have options: higher depreciation rate than new cars lower financing costs than new cars lower insurance premiums than new cars lower maintenance costs than new cars

Blank is the internal operation that arranges information resources to support business performance and outcomes