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A company purchases $23,000 of supplies in the current month and promises to pay for them next month. How would the company record a liability for the supplies?
net credit sales for the month are 800000. the accounts receivable balance is 160000. the allowance is calculated as
A potential control for managing the risk of employee fraud is to send employees on mandatory vacations. Explain the relation of that control with the payroll function.
When comparing Net Present Value and Internal Rate of Return, which method is better? Explain the advantages and potential disadvantages. Focus on what makes these two methods different.
The pension obligation on the basis of the plan formua applied to years of service to date and based on existing salary levels.
assume for this part onlythat none of the 800 insurance expense had expired during theyear. instead assume it is a
How can test be circumvented through either the structuring of the lease contract or interpretation of the test? What are other ways in which lease capitalization could be avoided through the structuring of lease terms or interpretation of the tes..
levine company uses the perpetual inventory system and allows customers to use two credit cards in charging purchases.
comparative balance sheets for 2013 and 2012 a statement of income for 2013 and additional information from the
on january 2 2013 bering co. disposes of a machine costing 44000 with accumulated depreciation of 24625. prepare the
Prepare journal entries to record items (a) through (f) above [ignore item (g) for the moment]. Prepare T-accounts for Manufacturing Overhead and Work on Process. Post the relevant items from your journal entries to these T-accounts.
hall company had sales in 2014 of 1560000 on 60000 units. variable costs totaled 720000 and fixed costs totaled 500000.
Describe the following trade controls: Tariffs, subsidies, and quotas. How do these trade controls affect relationship of trading partners and what is their value in international business.
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