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fundamental, Accounting Basics
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Posted Date: 9/3/2012 2:43:15 AM | Location : United States
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Revenues and expenses, Amounts paid on June 30 for a 1-year insurance polic...
Amounts paid on June 30 for a 1-year insurance policy. Is this a pre¬paid expense, (2) unearned revenue, (3) accrued expense, (4) accrued revenue, or (5) none of the foregoing.
Effect of transction, example of increase asset, decrease owner equity
example of increase asset, decrease owner equity
Generally accepted accounting principles, GAAP that is Generally Accepted A...
GAAP that is Generally Accepted Accounting Principles encompass the conventions, rules and processes necessary to explain accepted accounting practice at an exact time........gener
Define the product costs, Q. Define the Product costs? Product costs ar...
Q. Define the Product costs? Product costs are costs earns in the acquisition or manufacture of goods. Since you will see in the next section included as product costs for purc
Amount of dividends, Houston Corporation has the following stock outstandin...
Houston Corporation has the following stock outstanding: In 2012, Houston paid $330,000 in dividends. No dividends were paid in 2011 or 2010. Required : a)
Liability, partner investments, journal entries. The LP partnership was for...
partner investments, journal entries. The LP partnership was formed on January 1, 19X7, by investments from Bill Levy and Marv Parcells. Levy contributed $30,000 cash and $80,000 o
Given a net income of $90, Given a net income of $90,000, what is the retur...
Given a net income of $90,000, what is the return on investment for 2000? A. 7.9% B. 22.22% C. 22.78% D. 24.8%
Fringe benefit tax, Define FBT (Fringe Benefit Tax)? Ans) The tax payabl...
Define FBT (Fringe Benefit Tax)? Ans) The tax payable on a non-salary benefit given to an employee or an associate of the employee. The employer is likely to pay any FBT and may
Birch issued 200 shares of $12 par common stock, Birch issued 200 shares of...
Birch issued 200 shares of $12 par common stock in exchange for a piece of equipment with a current market value of $3,000.Whichof the following is not part of the journal entry
Fundermentals of accounting, differenciate between a cash book and a ledger...
differenciate between a cash book and a ledger
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