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1. Wertz Construction Company decided at the beginning of 2010 to change from the completed contract method to the percentage-of-completion method for financial reporting purposes. The company will continue to use the completed-contract method for tax purposes. For years prior to 2010, pre-tax income under the two methods was as follows: percentage-of-completion $120,000, and completed contract $80,000. The tax rate is 35%. Prepare Wertz's 2010 journal entry to record the change in accounting principle.
DAN had $2000 beginning balance in utilities payable. he had an ending balance of $4000. Over the course of the period ABC received a bill for utilities for $5000. How much cash did they apy for utilities over the course of teh period?
1 robbins supply journal entry to establish a 100 petty cash fund for the office would include a a credit to petty cash
Why have larger private equity firms been successful in diversifying into the advisory business traditionally dominated by the major investment banks?
during the current period department a finished and transferred 50000 units to department b. of the 50000 units 20000
ingrum framings cost formula for its supplies cost is 1120 per month plus 11 per frame. for the month of june the
During 2013, WMC Corporation discovered that its ending inventories reported on its financial statements were misstated by the following amounts:
miller company manufacturers a product for which materials are added at the beginning of the manufacturing process. a
Karla Tanner opens a Web consulting business called Linkworks and completes the following transactions in its first month of operations.
Create a spreadsheet to determine the yield on a 35-year Australian Treasury bond with a face value of $1 000 000. Inputs to the spreadsheet (used on this sheet and the others following) are coupon rate of the SM bond, the price paid by a consumer
cassidy manning is assistant controller at lemar packaging inc. a manufacturer of cardboard boxes and other packaging
An outside manufacturer has offered to produce Zets and ship them directly to Barkers customers. If Barker Company accepts this offer, the facilities that it uses to produce Zets would be idle; however, fixed manufacturing overhead costs would contin..
in 2010 eugene company issue 200000 of bonds for 189640. if the face rate of interest was 8 and the effective rate of
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