ACCOUNT-What is the expiration date of the warranty

I. The SPC company manufactures gronks. The company offers a 90-day warranty from the last day of the month in which the purchase takes place. SPC’s experience is that approximately 6% of their monthly sales are returned and replaced under the warranty conditions....

ACCOUNT-The programmers begin work; after 2 quarters

Fact pattern 1: You are a CPA. A close friend of yours, Alicia, has convinced investors to contribute $2,000,000 (two million) to launch an Internet Start Up company (“The Company”). Alicia hires Benny and Christie, two of her (and your) best friends to work at The...