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The gross margin amounts for Blue Co. were $40,000, $44,000, and $50,000, respectively, for the years 2010 through 2012. If 2010 is the base year for a trend analysis, the appropriate percentages for 2011 and 2012 are:
A. 22% and 25%.
B. 220% and 250%.
C. 10% and 25%.
D. 110% and 125%.
For each of the above situations, provide the journal entry that should be recorded as of December 31, 2008, or explain why an entry should not be recorded.
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Using the information from Question, show the current accounts for Harold and George Cobb for the year ending 31 December 1998.
A check of $75 deposited by a company was returned to the bank for nonsufficient funds. How would this information be included on the bank reconciliation?
What method (equity, initial or partial equity) is being used for problem 27 in Advance Accounting 12th edition. Prepare peregrine acquisition-date fair value allocation schedule for its investment in Osprey. Show how peregrine determined its 12/31/1..
Define the concept of Alternate Valuation Date. Explain to the executor of an estate an advantage, as well as disadvantage of electing the alternate valuation date of assets.
Prepare adjusting entries using the following information in the General Journal and Post the adjusting entries to the General Ledger T-accounts and compute adjusted balances.
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