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1. Northwest Financial Services was organized on April 1 of the current year. On April 2, Northwest prepaid $4,500 to the city for taxes (license fees) for the next 12 months and debited the prepaid taxes account. Northwest is also required to pay in January an annual tax (on property) for the previous calendar year. The estimated amount of the property tax for the current year (April 1 to December 31) is $21,375.
(a) Journalize the two adjusting entries required to bring the accounts affected by the two taxes up to date as of December 31, the end of the current year.
(b) What is the amount of tax expense for the current year?
carter company earned net income of 350000 last year. this year it wants to earn net income of 450000. the companys
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Calculate the partners' bases in their partnership interests at the end of the first and second year? Calculate the parners' bases in their partnership interests after reflecting any gain or loss on disposal of the equipment?
In question #2 the choices shown in blank 1 are the same as blank 2 Assume that on September 30, 2011, Luxuryair, the national airline of Germany, purchased a Jumbo aircraft at a cost of 42,500,000 (is the symbol for the euro).
the following information was reported by amuse yourself parks ayp for 2008 net fixed assets beginning of year 8550000
What are the two databases used by ERP systems?
assume research in motion invested 834 million to expand its manufacturing capacity. assume that these assets have a
Social media defines itself as a set of interactive tools that assists in connecting people and encourages small businesses in using these tools for relationships and engagement with vendors, customers, community, and peers. Social media also help..
a company has paid an annual dividend of 2 per share for some time. recently the board of directors voted to grow the
colen corporation produces and sells a single product. in january the company sold 1700 units. its total sales were
2. Provide a strategic recommendation to solve the issue (theory or any strategic method ) and lessons learned from the case.
how does global human resource management differ from domestic human resource management?the strategic adaptation
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