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The money is mislaid property and it should be awarded to the owner of the hotel. In looking at the explanations of both mislaid and lost property, the difference between the two terms is how the item was left. Under mislaid property, it is defined as property that is voluntarily left somewhere by its owner and forgotten about. Lost property is where the property is misplaced out of carelessness or negligence. The money was found by Mr. Franks carefully wrapped in the dresser of the room. By its appearance, it can be assumed that it was placed there, not out of negligence, and forgotten by the owner. Since Mr. Kazi was the owner of the hotel, the money goes to him.
consider the information on deductions a business can take for various expenses which lower its taxable income and
comprehensive problem 2 for heintz and parry 20th college accountingassetsrevenues101cash401registration
On May 10, 2007, Wiley, Inc remitted $91,450 to the state tax division for April 2007 sales. Calculate the amount of Wiley's April 2007 sales subject to sales tax, and, record the journal entry that would be made when the tax is paid:
Determine if these potential shares should be included in diluted EPS for 2007 - contractually commits itself to issue 2,000 additional common shares on December 31, 2009.
below find a working trial balance for smith company.smith company31-dec-12trial balance accounts in alphabetical
like engineers operations managers are very concerned about product and process design. however rather than focusing on
What is the difference between interest expense and interest payable?
at december 31 2005 zurich company reported this info on itsbalance sheet.accounts receivable 960000less allowance for
1. which of the following items would be includable in the gross income of the recipient?a. insurance payments for
bluestar makes three models of camera lens. its sales mix and contribution margin per unit follow percentage of
Methods of Analysis
Johnson Corporation's Unadjusted Trial Balance at year-end
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