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Assume that Wallywill, Inc. offered its customers, which are primarily retail stores who sell its products, an advertising allowance equal to 8 percent of the amount of purchases from Wallywill during December, if the retail store would spend the money for advertising in January. Wallywill Inc.'s sales in December totaled $5,000,000, and it was expected that 70% of those sales were made to retailers who would take advantage of the advertising allowance offer. Write the journal entry to show the effect of the accrual (if any) that should be made as of December 31 with respect to the advertising allowance offer.
a company has already incurred a 15000 cost in partially producing its three products. their selling prices when
Adverse selection problems increased in prominence in the 1980s - as deregulation required savings and loans and mutual savings banks to be more cautious.
u-build it warehouse issues a 45-day note for 800000 to thomson home furnishings co. for merchandise inventory. thomson
The Nichols Company uses the weighted-average method in its process costing system. The company recorded 29,500 equivalent units for conversion costs for November in a particular department.
in 2012 robert corporation had net income of 193836 and paid dividends to common stockholders of 40100. they had 55700
William County opted to account for its duplication service center in the internal service fund. Previously the center had been accounted for in county's general fund. During first month in which it was accounted for as an internal service fund cent..
love theatre inc. owns and operates movie theaters throughout new mexico and utah. love theatre has declared the
baseball bats revenue 1350000 direct labor 250000 and direct materials 550000tennis rackets revenue 900000 direct labor
beaker company statements of financial position assets beginning balance ending balance cash 50000 70000 accounts
How should Wesley determine the amount of compensation expense related to the compensatory stock options, if any, that should be recognized in its income statements for 2003, 2004, and 2005? Why?
in 2013 the westgate construction company entered into a contract to construct a road for santa clara county for
rotelco is one of the largest digital wireless service providers in the united states. in a recent year it had
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