Online TA Profiles
Pat Mitchell, CPA
OTA ID#: 105513
| Education Experience: |
BBA, Accounting, University of Alaska, 1975 CPA, Auditing and tax, Ernest & Ernest, 1978 |
|---|---|
| Focus of Study: | Accounting, finance and income tax
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| Work Experience: | Owner of a CPA firm for 21 years
Controller for various industries College instructor - intermediate accounting and tax Part time work for a CPA firm post retirement |
| Skills & Achievements: | Negotiated successful sale of CPA practice
Managed a group of 10 CPA firms sharing resources Active member of several professional organizations |
| Career Interests: | Income tax
Investments Continuing personal education in CPA field |
| Outside Interests: | Collecting
Remodeling real estate properties Stock market investing and trading Sewing and quilting Traveling Bicycling Reading |
| Message to Students and/or Parents: |
I love the challenge of learning new things myself, and I enjoyed teaching college level classes. I think I can contribute to students who need a little assistance. In doing so, I learn too. |
| Postings Answered: | 1335 |
| Cumulative OTA Rating: | 4.9/5 What is OTA Rating? |
- The Sharpe Corporation: Detailed cash flow budget for the first seven months of 2004 - The Sharpe Corporation's projected sales for the first eight months of 2004 are as follows: January $90,000 February 120,000 March 135,000 April ...
- Determining Financial Statement Effects of Various Transactions for Lester's Home Healthcare Services. - Lester's Home Healthcare Services (LHHS) was organized on January 1, 2005, by four friends. Each organizer invested $10,000 in the company and, in turn, was issued 8,000 shares of stock. To date, they ...
- Control activities in payroll processing - As part of the audit of Manor Company, you are assigned to review and test the payroll transactions of the Galena plant. Your tests show that all numerical items were accurate. The proper hourly rat ...
- Adjusting Journal Entries - Trading Securities - E17-7 (Trading Securities Entries) On December 21, 2006, Bucky Katt Company provided you with the following information regarding its trading securities. December 31, 2006 Investments (Trading) ...
- Potential misstatements/tests of controls - payroll - 16-35 (Potential misstatements/tests of controls-payroll) The following questions are included in the internal control questionnaire on control procedures for payroll transactions in the Pena Compan ...
- I:14-45 AMT Adjustments and Computation of Tax - I:14-45 AMT Adjustments and Computation of Tax. Allen, a single taxpayer, reports the following items on his 2007 federal income tax return: Adjusted gross income $75,0 ...
- Internal Control Components: definition and application - What internal controls components are common among long-term assets and liabilities, and equity accounts? What components are unique to each? How can an auditor assess these controls? What are the ...
- Should the petition for involuntary bankruptcy be granted? - Consider the following cases on Bankruptcy and Reorganization. Petition In March 1988, Daniel E. Beren, John M. Elliot, and Edward, F. Mannino formed Walnut Street Four, a general partnership, to ...
- Accounting Theory - Read the American Physical and Social Programs for Children, Inc case (Case C10-8 in the text). Prepare a paper answering the questions at the end of the case. In addition to answering the questions, ...
- Prepaid expenses for Pamello corporation: includible in taxable income or not? - Prepaid Expenses. Pamello, Inc., an engineering consulting firm, uses the cash method of accounting. Compute the amount of Pamello's current year deductions for the following transactions: a. On ...
- Prepaid Expenses and tax deductions for a cash basis taxpayer - Pamello, Inc, an engineering consulting firm, uses the cash method of accounting. Compute the amount of Pamello's current year deductions for the five transactions. See attached file for full prob ...
- Developing responses to assessed risks in terms of staffing and the nature, timing and extent of audit tests - 5-35 (Developing responses to assessed risks) Your client, General Television, Inc. manufactures televisions and during the current year acquired Micro Engineering, Inc., which manufactured flat panel ...
- Audit Evidence: type and reliability - (Audit evidence) During the course of an audit, the auditor examines a wide variety of documentation. Listed below are some forms of documentary evidence and the sources from which they are obtained. ...
- Accounting method: equity or the cost for investments - C2-1 Choice of Accounting Method Understanding Slanted Building Supplies purchased 32 percent of the voting shares of Flat Flooring Company in March 20X3. On December 31, 20X3, the officers of S ...
- Why is forecasting important to an organization? - You are a participant in the biweekly meeting with the finance department. You have been asked to lead the discussion on the role that forecasting should play at Strident Marks. Discuss the financial ...
- Jenkle Legal Services - First year partner, received a $2,000 monthly guaranteed payment. Share of ordinary business income was $55,000. If his combined income and SE tax rate on his earned income is 30 percent, compute his ...
- Accounting Policies, capitalization, expensing, and effects of accounting changes on financial reporting - Wendell Systems, Inc: Case C10-12 Deferring versus Expensing Costs in the First Year of Operations Wendell Systems, Inc. was incorporated on February 2, 20X1. It was organized by 10 shareholders w ...
- Potential misstatements/tests of controls - payroll - (Potential misstatements/tests of controls-payroll) The following questions are included in the internal control questionnaire on control procedures for payroll transactions in the Pena Company: ...
- Accounting Principles-Comprehensive - Presented below are a number of business transactions that occurred during the current year for Fresh Horses, Inc. Instructions In each of the situations, discuss the appropriateness of the journal ...
- Distinguish strategic control from operating control. - Distinguish strategic control from operating control. Give an example of each. What are some measures that you can use to evaluate the success or failure of strategy and its implementation?
