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Olive Enterprises experienced the following events during 2012.
1. Acquired cash from the issue of common stock.2. Paid cash to reduce the principal on a bank note.3. Sold land for cash at an amount equal to its cost.4. Provided services to clients for cash.5. Paid utilities expenses with cash.6. Paid a cash dividend to the stockholders.
Explain how each of the events would affect the accounting equation by writing the letter I for increase, the letter D for decrease, and NA for does not affect under each of the components of the accounting equation.
at december 31 2012 mnc still has the same three products in its inventory. updated information for each product
A meeting of senior managers at the Pringly Division has been called to discuss the pricing strategy for a new product. Part of the discussion will focus on estimating sales for the new product.
If the cost of goods manufactured during the year amounted to $665,000 and annual sales were $998,000, how much is the amount of gross profit for the year?
sucher company uses a standard cost system in which manufacturing overhead costs are applied to units of product on the
A to Z Corporation engaged in the following transaction "Purchased a building for $80,000 cash." On the Statement of CashFlows, the transaction would be classified as __________.
isabel a calendar-year taxpayer uses cash method of accounting for her sole proprietorship. in late december she
toy box inc. is contemplating expanding their sales of their childrens toys. the have an opportunity to stock and sell
Describe the methodology for the direct and indirect cash flow methods including the major cash flow categories of operating, investing, and financing activities and give examples of each activity. Describe the relationship between the beginnin..
the primary operating expenses (such as employee wages, utilities, and repairs and maintenance) for the year were $66347000 with $60200000 paid in cash and the rest on account
the united world corporation has three subsidiaries.computersmagazinescable tvsales1600000040000008000000net income
Calculate Peters Corporation's earnings per share for the year ended June 30, 2008, assuming the preferred dividends are noncumulative and $50,000 in total cash dividends were paid during the year.
A company has 10%, 20-year bonds outstanding with a par value of $500,000. The company calls the bonds at 96 when the unamortized discount is $24,500. Calculate the gain or loss on the retirement of these bonds.
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