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At a dinner party you hosted, a friend of yours who is a college accounting professor-upon hearing you had started your own business-told you to make sure to properly categorize product versus period costs and fixed versus variable costs. The friend did not have time to explain the difference or the importance of proper categorization to you.
Thinking this would be important information to pass on to your partner, do the following:
the accuracy of accounting records is enhanced by the integrity of internal controls. comment on this statement and
world view is considering production of a lighted world globe that the company would price at markup of 25 above full
1. in december 2011 marvin simpson worked for longville flower and earned 5000 federal income tax withholding is 15.
Gender Enterprises reported a net loss 55,000 for the year just ended
ames hardy recently rejected a 20000000 five year contract with the vancouver seals hockey team. the contract offer
Once you have read the extract by Sen, attempt the review and discussion questions1-3 and 5 (ignore 4) on p.165, and be prepared to discuss your answers with your colleaguesin your tutorial.
nortons outstanding stock consists of a 13000 shares of noncumulative 8 preferred stock with a 10 par value and b 32500
boing inc operates a commuter airline last year the airline flew 10000 flights and sold 400000 one way tickits at 59
coverall carpets inc. is planning to borrow 12000 from the bank. the bank offers the choice of a 12 percent discount
you are the owner of a small bread factory and are thinking of lowering costs and expanding. your small-business
There were no sales from Pot to Skillet.Intra-entity sales had the same markup as sales to outsiders. Pot still had40% of the intra-entity sales as inventory at the end of 2011. What areconsolidated sales and cost of goods sold for 2011?
in its first year of business rideaway bikes has net income of 145000 exclusive of any adjustment for bad debts
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