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If the liabilities of a company increased $101,000 during a period of time and equity in the business decreased $45,000 during the same period, did the assets of the company increase or decrease? By what amount?
maserati corporation purchased a new machine for its assembly process on august 1 2012. the cost of this machine was
grayson bank agrees to lend the trust company 100000 on january 1. trust company signs a 100000 8 9-month note. the
The Lawrence Company sold fixed assets for cash of $8,000. The assets had a book value of $5,000. How should this be reported in the investing activities section of a statement of cash flows?
What are reversing entries and why are they required? What would happen if reversing entries were not made? What transactions might require reversing entries? What transactions might not require reversing entries?
garr co. issued 5000000 of 12 5 year convertible bonds on december 1 2010 for 5020800 plus accrued interest. the bonds
last month peewee company manufactured 20000 units and sold 18000 of these units at a price of 8.00 per unit.
A sale and deposit of $1,628.00 were entered in the sales journal and cash receipts journal as $1,682.00.
for each of the following cases indicate why management and the auditors determined that control deficiency was a
miller metal co. makes a single product that sells for 32 per unit. variable costs are 20.80 per unit and fixed costs
you have been hired by the management of alden inc. to review its control procedures for the purchase receipt storage
on december 31 2012 santana company has 7109200 of short-term debt in the form of notes payable to golden state bank
On November 28, 2010, she sold 48 shares, which could not be specifically identified, for $576 and on December 8, 2010, she sold another 25 shares of $188, What was her recognized gain or loss?
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