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1. Warranties Winslow Company sold 150 color laser copiers in 2010 for $4,000 apiece, together with a one-year warranty. Maintenance on each copier during the warranty period averages $300.
(a) Prepare entries to record the sale of the copiers and the related warranty costs, assuming that the accrual method is used. Actual warranty costs incurred in 2010 were $17,000.
(b) On the basis of the data above, prepare the appropriate entries, assuming that the cash-basis method is used.
signature pen company manufactures ballpoint and fountain pens and is operating at less than full capacity. market
1.checking account balance 936120 certificate of deposit 1427800 cash advance to subsidiary of 987220 utility deposit
you know that both internal and external users have not only the short-term success but also the long-term success of
during the year eugene had the four property transactions summarized below. eugene is a collector of antique glassware
on january 1 2009 pert company purchased 85 of the outstanding common stock of sales company for 350000. on that date
the most recent financial statements for abc company. are shown here assuming no income taxes income statement sales
Annual income tax returns.
farrell company manufactures a product that sells for 50 per unit. farrell incurs a variable cost per unit of 30 and
Identify the costs and benefits of complying with the Sarbanes Oxley Act of 2002. Do you think the costs are justified?
Manner inc. has 15000 shares of 6%, $100 par value, noncumulative preferred stock and 30,00 shares of $1 par value common stock outstanding at december 31, 2011. there were no dividends declared in 2010. The board of directors declares and pays a ..
In 2003, Roland, who is single, purchased a personal residence for $340,000 and took out a mortgage of $200,000 on the property. In May of the current year, when the residence had a fair market value of $440,000 and Roland owed $140,000 on the mor..
The shares are held in the treasury, what effect does this transaction have on (a) net income, (b) total assets, (c) total paid-in capital, and (d) total stockholders' equity?
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