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1. Presented below are three receivables transactions. Indicate whether these receivables are reported as accounts receivable, notes receivable, or other receivables on a balance sheet.
(a) Sold merchandise on account for $64,000 to a customer.
(b) Received a promissory note of $57,000 for services performed.
(c) Advanced $10,000 to an employee.
The data in the following table represent the gross revenues (in billions of current dollars) of McDonald'sCorporation from 1975 through 2009.
it is the responsibility of management to apply accounting standards when communicating with investors and creditors
What is the net amount of cash received from the sales made during the period and what are the companys primary products and/or services?
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dacahr bros. inc. is an automobile maintenance and repair company with outlets throughout the western united states.
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Circle Corporation makes a product that sells for $400 per unit. The variable costs to make this product are $220 per unit. Fixed costs total $750,000 for the year. Circle currently sells 5,000 units each year.
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