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What is the difference between a marginal tax rate and an average tax rate? Which is more important in determining the effect of a change in taxes on economic behavior?
You are the assistant accountant at Krispics Co. Ltd, a distributor of snack foods. Krispies has a large loan from a bank, and part of the loan agreement stipulates that the company must maintain a Cash at Bank account balance of at least S75 000,..
Assume that the taxi was sold on January 1, 2015, for $22,000. Prepare the journal entry for the sale of the taxi in 2015.
superior gaming a computer enhancement company has three product lines audio enhancers video enhancers and
wyco company manufactures toasters. for the first 8 months of 2011 the company reported the following operatingresults
cardinal paz corp. carries an account in its general ledger called investments which contained debits for investment
Over the Rainbow Company has $300,000 to invest. The company is trying to decide between two alternative uses of the funds. The alternatives are as follows:
dec.312009 xcorp. had os 180000 shares of cs. net income for 2010 was 285000. outstanding options issued july 12010 to
companys cost analysis has concluded that utilities cost is a mixed cost and they are attempting to find a base which
slipshod machine tool co. owes 40000 to one of its suppliers. the supplier has offered a trade discount of 210 net 30.
Give journal entries to record the following transactions. Issued on par 250, 8% preference shares of Rs.100 each.
for the last eleven years lime corporation has owned and operated four different trades or businesses. lime also owns
What is the purpose of a bank reconciliation? What are the reasons for differences between the cash reported in the accounting records and the cash balance in the bank statements?
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