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Classify the following list of items by operating section, investment section, or finance section. Use the letter "O" for operating, the letter "I" for investment, and the letter "F" for finance.
(1) Depreciation expense(2) Sale of equipment for cash(3) Issuance of bonds for cash(4) Payment of cash dividend(5) Receipt of cash dividend(6) Payment of interest(7) Receipt of interest(8) Decrease in prepaid items(9) Net income(10) Issuance of stock for cash(11) Purchase of treasury stock for cash(12) Amortization of Franchise Fee(13) Rent expense(14) Sales revenue(15) Retirement of bonds for cash(16) Receipt of principal on loan made to third party
the tax effect of a net operation loss nol carry back usually1. results in a current receivable at the end of the
What is the difference between book value per share of common stock and market value per share? Why does this disparity occur?
Short-run pricing decisions include: (a) pricing a main product in a major market (b) adjusting product mix and volume in a competitive market while maintaining a stable price if demand fluctuates from strong to weak
Many times the sale of inventory is referred to as upstream and downstream. However, how is it treated if it is from one sub to another? Is the sale of inventory from one sub to another treated in the same manner as an upstream or downstream sale?
On the following facts about an Enterprise Fund for a utility operation: Cash flows for non capital financing activities would decrease
Griffith Delivery Service purchased a delivery truck for $33,600. The truck has an estimated useful life of six years and no salvage value. For the purpose financial statements, Griffith is planning to use straight-line depreciation.
Record the transactions on page 8 of a general journal. You can Omit descriptions. You can use any General Journal template or the one attached.
reichenbach co. organized in 2011 has set up a single account for all intangible assets. the following summary
northstate college has a telephone system that is in poor condition. the system can be either overhauled or replaced
Production for the current period was assigned a $200,000 standard direct labor cost. What is the actual total direct labor cost for the current period?
Gift tax returns were filed reporting these gifts. How much of her estate is subject to federal estate tax after considering the estate tax exemption?
what amount should be recognized as property tax revenues related to the 2007 levy on the government-wide financial statements?
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