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A firm sold an investment in securities available for sale originally costing $30,000, for $28,000. At the beginning of the year, the investment had a valuation allowance of $3,000, debit. What is the correct disclosure for these events in the statement of cash flows prepared under the direct method, assuming this is the only investment in securities available for sale?
the president of frogger company is puzzled. during the last accounting period the company experienced a net loss of
The charter of a corporation provides for the issuance of 109000 shares of common stock. Assume that 59000 shares were originally issued and 4700 were subsequently reacquired. What is the number of shares outstanding?
raddington industries produces tools and die machinery for various manufacturers. 2 years ago the company expanded
what are examples of irregular items? how does a change in accounting principles affect the financial statements? who
Build up an income statement in good form for Sanford Company for the first three months of 20x3. Provide journal entries for each of the transactions. The numbers in the journal entries can be rounded to the nearest dollar.
the primary reason for the popularity of lifo is that ita. provides better matching of physical flow and cost flow.b.
Simona Amanar Industries has two operating divisions-Gina Construction Division and Chorkina Securities Division. Each division maintains its own accounting system and method of revenue recognition.
Investment income and related expenses amt. to $7,000 and $500 respectively. What is Mike and Sally's interest deduction for the 2010 tax year?
An analysis of accounts receivable suggests that the allowance for uncollectible accounts should be 3% of accounts receivable. The amount of the adjusting entry for uncollectible accounts would be:
from records available in various offices of baraga county you find the following information about changes in
the following unemployment tax rate schedule is in effect for the calendar year 2014 in state a which uses the reserve
What is the budgeted net income for February.
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