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I started a new accounting internship and every spreadsheet I have been sent I noticed that a lot of my coworkers will start formulas with +=(etc...) My brother who is also an accountant has told me it is because they are only using the keyboard and not the mouse, so you have to click + then = to start the formula, but that is not true? I can key down to a random cell and click = and the formula will start up. So, my question is why do people using Excel start formulas with "+=" ?
In the current year, Sue received a liquidating distribution of real estate from UTSRQ Partnership, a general partnership. The real estate had an adjusted basis to the partn
Ordinary repairs to equipment had been erroneously charged to the Equipment account during 2010 and 2011. Repairs in the amount of $8,000 in 2010 and $9,400 in 2011 were so ch
Prepare the journal entry to record the retirement of the bonds at maturity, assuming the bonds were issued at 100. Prepare the journal entry to record the retirement of the b
A company changes from percentage-of-completion to completed-contract, which is the method used for tax purposes. The entry to record this change should include a :
Melanie Mielke's annual sales were $9,000,000, at a gross margin of 15%. Selling expenses totaled $300,000, and administrative expenses totaled $800,000. Mielke is subjec
Prepare a well-reasoned analysis of the similarities and differences of the two organizations based on the mission statement. Discuss the quality of each mission statement bas
Judd, Inc., owns 35% of Cosby Corporation. During the calendar year 2010, Cosby had net earnings of $300,000 and paid dividends of $30,000. Judd mistakenly recorded these tr
On June 30, Petrov Co. has $ 128,700 of accounts receivable. Prepare journal entries to record the following selected July transactions. Also prepare any footnotes to the July
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