You are the newly hired controller of Winston Corporation, whose founder and sole owner, Harold…

You are the newly hired controller of Winston Corporation, whose founder and sole owner, Harold Winston, engaged you to “straighten out the books” in anticipation of the company’s “going public” in about three years. In reviewing the accounting records of Winston Corporation and its wholly owned subsidiary, Cranston Company, you find that both companies have used the periodic inventory system, but neither company had kept adequate records of Winston’s sales of its only product to Cranston, which sold that product and other products obtained from unrelated suppliers to Cranston customers. You learned from Harold Winston that no uniform markup had been applied to products sold to Cranston; the markups varied from 15% to 25% of Winston’s production costs. You also learn that the two companies had filed separate income tax returns, prepared by a local CPA firm, in past years. Your initial investigation indicates that, on the advice of the engagement partner of the local CPA firm, both Winston and Cranston had taken accurate physical inventories in past years.

Instructions

Is it possible for you to prepare fairly presented consolidated financial statements for Winston Corporation and subsidiary as of the end of the first fiscal year of your controllership? Explain.

Place your order
(550 words)

Approximate price: $22

Calculate the price of your order

550 words
We'll send you the first draft for approval by September 11, 2018 at 10:52 AM
Total price:
$26
The price is based on these factors:
Academic level
Number of pages
Urgency
Basic features
  • Free title page and bibliography
  • Unlimited revisions
  • Plagiarism-free guarantee
  • Money-back guarantee
  • 24/7 support
On-demand options
  • Writer’s samples
  • Part-by-part delivery
  • Overnight delivery
  • Copies of used sources
  • Expert Proofreading
Paper format
  • 275 words per page
  • 12 pt Arial/Times New Roman
  • Double line spacing
  • Any citation style (APA, MLA, Chicago/Turabian, Harvard)

Our guarantees

Delivering a high-quality product at a reasonable price is not enough anymore.
That’s why we have developed 5 beneficial guarantees that will make your experience with our service enjoyable, easy, and safe.

Money-back guarantee

You have to be 100% sure of the quality of your product to give a money-back guarantee. This describes us perfectly. Make sure that this guarantee is totally transparent.

Read more

Zero-plagiarism guarantee

Each paper is composed from scratch, according to your instructions. It is then checked by our plagiarism-detection software. There is no gap where plagiarism could squeeze in.

Read more

Free-revision policy

Thanks to our free revisions, there is no way for you to be unsatisfied. We will work on your paper until you are completely happy with the result.

Read more

Privacy policy

Your email is safe, as we store it according to international data protection rules. Your bank details are secure, as we use only reliable payment systems.

Read more

Fair-cooperation guarantee

By sending us your money, you buy the service we provide. Check out our terms and conditions if you prefer business talks to be laid out in official language.

Read more
error: Content is protected !!