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You are the manager of an accounting department and would like to hire another managerial accountant to focus on internal accounting. The chief executive officer (CEO) is not convinced that a managing accountant position is needed. Prepare a 2-page memo for the CEO on the following:
A fire totally destroyed office equipment and furniture which Monica uses in her business. The equipment had an adjusted basis of $15,000 and a FMV of $10,000 before the fire.
historically warranty expenditures have been equal to 4 of sales. total sales for the year were 650000. actual warranty
after recording adjusting and closing processes that makeup the accounting information system you may have noticed
an investor purchased 500 shares of common stock 25 par for 21750. subsequently 100 shares were sold for 47.50 per
silver co. sold merchandise to bronze co. on account 31103 terms 215 net 45. the cost of the merchandise sold is 14110.
Bubble Corporation manufactures two products, I and II, from a joint process. A single production costs $4,000 and results in 100 units of I and 400 units of II. To be ready for sale, both products must be processed further, incurring separable co..
journalize the following transactions of moonraker sales assuming the company uses the perpetual method. dont forget
tear company a newly established subsidiary of stern corporation recceived assets with an original cost of 260000 and a
cause and effectbull from the e-activity compare and contrast the cause and effect of at least one cost driver in the
Account among its trade receivables.
Lane included the entire $90,000 in its 2007 income tax return. What amount should Lane report in its 2007 income statement for subscriptions revenue?
a companys board of directors votes to declare a cash dividend of 1.10 per share. the company has 22000 shares
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