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1.On December 12, 2013, an investment costing $80,000 was sold for $100,000. The total of the sale proceeds was credited to the investment account.Required:1. Prepare the journal entry to correct the error assuming it is discovered before the books are adjusted or closed in 2013. (Ignore income taxes.)2. Prepare the journal entry to correct the error assuming it is not discovered until early 2014. (Ignore income taxes.)
rfs is considering adding a new product line home equity loans which rfs believes will make the mortgage business more
a. Which species should Percula raise to earn the highest operating income for the year?
in the late 2012 the polks come to you for tax advice . they are considering selling some stock investmentsfor a loss
Explain how absorption costing could provide undesirable incentives to management to build inventory. Include in your assessment how to best set up absorption costing systems to avoid this incentive and what types of measures and controls should be..
chuck brown will receive from his investment cash flows of 3135 3450 and 3810 at the end of years 1 2 and 3
Provide the following (and support ALL of your work)- c) Reconcile and explain the difference between Deep Space's Net Operating Income using variable costing and absorption costing.
The Internal Revenue Code
When is the trial balance prepared? What does the trial balance tell you? What does the trial balance not tell you. How would you explain the purpose of the adjusted trial balance?
Assume for 2011 that Don made one transfer involving his granddaughter as follows: Don opened a joint checking account with his granddaughter, with right of survivorship, for her college expenses.
wilton inc. had net sales in 2014 of 1428100. at december 31 2014 before adjusting entries the balances in selected
If a calculator will sell for $42 each, the Variable Costs to produce it are $24 per unit, and the Fixed Costs per month are $39,600, then how many calculators must be sold per month to Break Even?
this segment seems to contradict the discussion board topic of the previous week regarding direct labor as a cost
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