The adjusted trial balance of antoine corporation at december 31 shows that sales revenue for the year was $ 535 comma 000 and other revenue was $ 41 comma 000. cost of goods sold for that same period was $ 305 comma 000, while other expenses totaled $ 225 comma 000. the corporation declared and paid dividends of $ 20 comma 000 during the year. the balance of retained earnings before closing entries was $ 485 comma 000. read the requirements 1. prepare the closing entries for revenues, expenses, and dividends for the year. (record debits first, then credits. exclude explanations from any journal entries.) begin by recording the entry to close out the revenue accounts. journal entry date accounts debit credit dec 31 sales revenue 535,000 other revenue 41,000 retained earnings 576,000 close out the expense accounts. journal entry date accounts debit credit dec 31 ▼ cost of goods sold other expenses

Each of the following scenarios is based on facts in anactual fraud. categorize each scenario as primarily indicating (1) anincentive to commit fraud, (2) an opportunity to commit fraud, or(3) a rationalization for committing fraud. also state your reasoningfor each scenario.a. there was intense pressure to keep the corporation ' stock from declining further. this pressure came from investors, analysts,and the ceo, whose financial well-being was significantly dependent on the corporation ' s stock price.b. a group of top-level management was compensated (mostly in the form of stock-options) well in excess of what would be considered normal for their positions in this industry.c. top management of the company closely guards internal financial information, to the extent that even some employees on a “need-to-know basis” are denied full access.d. managing specific financial ratios is very important to the company, and both management and analysts are keenly observant of variability in key ratios. key ratios for the company changed very little even though the ratios for the overall industry were quite volatile during the time period.e. in an effort to reduce certain accrued expenses to meet budget targets, the cfo directs the general accounting department to reallocate a division’s expenses by a significant amount. the general accounting department refuses to acquiesce to the request, but the journal entry is made trough the corporate office. an accountant in the general accounting department is uncomfortable with the journal entries required to reallocate divisional expenses. he brings his concerns to the cfo, who assures him that everything will be fine and that the entries are necessary. the accountant considers resigning, but he does not have another job lined up and is worried about supporting his family. therefore, he never voices his concerns to either the internal or external auditors.f. accounting records were either nonexistent or in a state of such disorganization that significant effort was required to locate or compile them.

The silverside company is considering investing in two alternative projects: project 1 project 2 investment $500,000 $240,000 useful life (years) 8 7 estimated annual net cash inflows for useful life $120,000 $40,000 residual value $32,000 $10,000 depreciation method straightminusline straightminusline required rate of return 11% 8% what is the accounting rate of return for project 2? (round any intermediary calculations to the nearest dollar, and round your final answer to the nearest hundredth of a percent, x.xx%.)

What type of budget is stated? a budget is a type of financial report that scrutinizes the inflow and outflow of money in a given financial year.