(accounting question) State clearly which accounting conventions, assumptions or principles are followed
or violated in each of the following cases. State also the correct procedures to be
followed in each case:
a) Moon Ltd. wishes to decrease the rate of depreciation from 20% to 10%, in view
of the inadequate profit in the current year.
b) Transactions are recorded from the viewpoint of the businessman
c) Accounting transactions are recorded in the books of account without any
supporting documents or evidences.
d) Anticipating profits and spending immediately without providing for any possible
losses.

Spirula trading inc sublets a part of its offices building to jade inc. for a period of ten years . where will the company disclose this information?

Laws corporation is considering the purchase of a machine costing $16,000. estimated cash savings from using the new machine are $4,120 per year. the machine will have no salvage value at the end of its useful life of six years and the required rate of return for laws corporation is 12%. the machine's internal rate of return is closest to (ignore income taxes) (a) 12% (b) 14% (c) 16% (d) 18%

On june 1, 2017, blossom company was started with an initial investment in the company of $22,360 cash. here are the assets, liabilities, and common stock of the company at june 30, 2017, and the revenues and expenses for the month of june, its first month of operations: cash $4,960 notes payable $12,720 accounts receivable 4,340 accounts payable 840 service revenue 7,860 supplies expense 1,100 supplies 2,300 maintenance and repairs expense 700 advertising expense 400 utilities expense 200 equipment 26,360 salaries and wages expense 1,760 common stock 22,360 in june, the company issued no additional stock but paid dividends of $1,660. prepare an income statement for the month of june.