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A business borrowed $57,177 on March 1 of the current year by signing a 30 day, 8% interest bearing note. When the note is paid on March 31, the entry to record the payment should include a debit to Interest Payable $381 debit to Interest Expense $381 credit to Cash for $57,177 credit to Cash for $61,751
memofax inc. produces memory enhancement kits for fax machines. sales have been very erratic with some months showing a
Barnes and Miller manufacturing is trying to determine the equivalent units for coversion costs with 3000 units of ending work in process at 80% completion and 14000 physical units. there are no beginning units in the department.conversion costs o..
profitability ratios the following selected data were taken from the financial statements of squiggle group inc. for
nbspnbspnet income 11500nbspnbspdividends paid to stockholders2800nbspnbspcash received from selling
On July 1, a city issued, at par, $100 million in 6 per-cent, 20-year general obligation bonds. It established a debt service fund to account for resources set aside to pay interest and principal on the obligations.
Brave Industries is considering buying a machine for $180,000 with an estimated life of ten years and no salvage value. The straight-line method of depreciation will be used. The machine is expected to generate net income of $12,000 each year. The..
A factory machine was purchased for $25,000 on January 1, 2003. It was estimated that it would have a $5,000 salvage value at the end of its 5-year useful life.
corio corporation reports that at an activity level of 2600 units its total variable cost is 117390 and its total fixed
Suppose Barry had doubled its sales as well as its inventories, accounts receivable, and common equity during 2004. How would that information affect the validity of your ratio analysis?
Income from operations for Division B is $150,000, total service department charges are $400,000and operating expenses are $2,266,000. What are the revenues for Division B?
overhead application working backwardthe towson manufacturing corporation applies overhead on the basis of machine
ray davies and dave davies formed a partnership investing 750000 and 220000 respectively. the partnership agreement
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