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A company purchased $2,000 of merchandise on Nov. 2 with terms 2/10, n/30. On Nov. 8, it returned $500 worth of merchandise. On Nov. 10, it paid the invoice. The amount paid on Nov. 10 equals : ?
A company purchased $5,000 worth of merchandise inventory. The company paid for transportation costs of $400. The company later returned damaged investory for $380 and paid the invoice with a 2% discount period. What is the total amount paid for this merchandise inventory?
In generating theories of accounting based upon what accountants actually do, it is assumed (often implicitly) that what is done by the majority of accountants is the most appropriate practice.
the following data in thousands of dollars have been taken from the accounting records ofnbsplarden corporationnbspfor
Calculate the combined pre-determined OH rate using (1) units of production (2) machine hours: 40,000 machine hours, variable mfg OH $80,000, Fixed mfg OH $325,000. The company expects to produce 10,000 units and each product requires 4 hours of m..
Compute the acquisition cost of the equipment and prepare the journal entry to record the purchase.
john corp appropriately uses the installment method of accounting to recognize income in its financial statements.
in 2011 tony invests 35000 in an activity for which he is not a material participant. tony has no othersources of
The expected economic life of the asset is ten years. The lease term is 5 years. The asset is expected to have a residual value of $2,000 at the end of ten years. Using the straight-line method, what would Best record as annual depreciation?
Randolph's basis in RD is $37,000. What is Randolph's basis in the distributed inventory and land?
The cash and securities comprising a sinking fund established to redeem bonds at maturity in 2015 should be classified on the balance sheet as:
nowak corporation produced 60000 units and sold 50000 for 10 per unit. variable manufacturing costs included d.
Managerial accounting: a. has its primary emphasis on the future. b. is required by regulatory bodies such as the SEC. c. focuses on the organization as a whole, rather than on the organization's segments. d. Responses a, b, and c are all correct.
according to a summary of the payroll of apline publishing co. 460000 was subject to the 7.5 fica tax. also 39000 was
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