Posts Tagged: property

For Sale: The Lease to the Trump Hotel in Washington D.C.

Posted by & filed under Accounting Information Systems, Accounting Principles, Advanced Accounting, All Articles, Auditing, Cost Accounting, Ethical Dilemma, Financial Accounting, Fraud Accounting, Intermediate Accounting, Managerial Accounting, Uncategorized.

According to the Washington Post, Donald Trump’s company will again try to sell the lease for the D.C. hotel. Questions: What event prevented an attempt to unload the property the first time? According to Trump disclosure forms, how much did the revenue for the hotel drop last year? What has been the average recent occupancy… Read more »

New York City Eviction Rates Will Soar Soon

Posted by & filed under Accounting Information Systems, Accounting Principles, Advanced Accounting, All Articles, Auditing, Cost Accounting, Financial Accounting, Fraud Accounting, Intermediate Accounting, Managerial Accounting, Uncategorized, Video Updates.

According to the New York Times, eviction cases are expected to soar in New York City as housing courts reopen and landlords seek to recoup income lost during the pandemic. Questions: What is the estimate of how many eviction actions will be filed in New York City’s housing courts in the coming days? In addition… Read more »

A $3.4 Million Loss To Keep Things Quiet

Posted by & filed under Accounting Information Systems, Accounting Principles, Advanced Accounting, All Articles, Auditing, Cost Accounting, Ethical Dilemma, Financial Accounting, Intermediate Accounting, Managerial Accounting, Uncategorized, Video Updates.

After Bishop Michael J. Bransfield was banished from his post as head of the Catholic Church in West Virginia, the church-owned residence he had lived in was put up for sale. Questions: Why do you think the diocese was willing to take a $3.4 Million Loss? Why do you think that the diocese did not… Read more »