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The allowance for bad debts os contra to which one of the following accounts?
1) accounts receivable
2) bad debt expense
3) cash
4) sales
What are the pros and cons of this tax credit? Why is this issue of any interest to the NAHB?
Under the FASB-explain the disclosure requirements for share based compensation. This post should include an example of how the standard should be applied.
John-Bob's share of losses from Partnership Z during 2010 was $60,000. How much is John-Bob at risk for Partnership Z on January 1, 2011?
They made major capital improvements through their 10-year ownership, which totaled $50,000. What is their recognized gain
One year Potter, Inc. had gross income from sales of $210,000, business expenses of $230,000, and dividend income from U.S. corporations of $150,000. Potter's 80 percent dividends-received deduction was:
Larsen Company makes and sells a single product, widgets. Three pounds of clay are needed to make one widget-How much clay should be purchased in September?
In which building would you recommend that Brubaker Inc. locate, assuming a 12% cost of funds?
Standard variable manufacturing costs were $15 per unit, and total budgeted fixed manufacturing overhead was $150,000. If there were no variances, net income under absorption costing would be:
What amount should Gunkel report as retained earnings as of March 1, 2011?
If the company can not cut costs any lower than they already are what would the profit margin on sales be if they meet the market selling price
The lease is for 6 years and the machine is estimated to have an unguaranteed residual value of $40,000. If the lessor's interest rate implicit in the lease is 12%, the six beginning-of-the-year lease payments would be ??
A company developed the following per-unit standards for its product: 2 pounds of direct materials at $4 per pound. Last month, 1,000 pounds of direct materials were purchased for $3,800. The direct materials price variance for last month was:
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