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A company charges the following amounts of overhead to jobs during the current year: $12,000 to jobs still in process, $42,000 to jobs completed but not sold, and $66,000 to jobs finished and sold. at year end, the company's factory overhead had a credit balance of $9000.00, which is not a material amount. What entry should the company make at year end related to this overhead balance?
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the following information was taken from the accounting records of temple company inc. for the year ended december 31
delmar manufacturing is considering three different prices for the new personal digital planner 75 65 and 55. variable
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in 2012 rec room sports reported earnings per share of 8.50 when its stock price was 212.50. in 2013 its earnings
In 2010, Grant's personal residence was damaged by fire. Grant was insured for 90% of his actual loss, and he received the insurance settlement. Grant had adjusted gross income, before considering the casualty item, of $30,000. Pertinent data with..
Jones Company had 100 units in beginning inventory at a total cost of $10,000.The company purchased 200 units at a total cost of $26,000. At the end of the year, Jones had 80 units in ending inventory.
which of the following is best defined as a consciously coordinated social unit composed of two or more people which
at the todd company the cost of the personnel department has always been charged to production departments based upon
What type of inflation accounting do you favor under high inflationary periods? Do you think tax allocation can improve the prediction of future tax payments in the short run? What are the economic consequences of SFAS No.87?
Lake Coffee Company reported net income of $54,000 and net sales totals $800,000. The company's asset turnover ratio is 4.5 times. How much was the company's return on assets?
which of the following represents the largest number of common shares?a. treasury sharesb. issued sharesc.
casey companys bank statement shows a bank balance of 43267. the statement shows a bank service charge of 50. caseys
On a multiple-step income statement, gain or losses on sale of equipment would be shown:
during the year ravenna paid a 9300 cash dividend and it sold a piece of equipment for 4650 that had originally cost
Write down the journal entry that is needed in order to record the acquisition of the bonds on January 1, 2005. Make sure to use the NET method.
The auditor's judgment concerning the overall fairness of the presentation of financial position, results of operations, and cash flows is applied within the framework of :
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