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On January 1, 2014, Fishbone Corporation (an equipment manufacturer) sold equipment to Lost Company that cost $150,000. Fishbone received as consideration a non-interest-bearing note requiring payments of $80,000 annually for 3 years. The first note payment is to be made on December 31, 2014. The prevailing rate of interest for a note of this type on January 1, 2014, was 5%.
Record the 1/1/14 transaction for Fishbone Corporation and all necessary entries from 2014-2016.
Record the 1/1/14 transaction for Lost Company and all necessary entries from 2014-2016.
Based a variable costing approach, how would you maximize profits and Based on a throughput costing approach, how would you maximize profits?
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The following costs relate to Southern Company: Variable manufacturing cost, $44; variable selling and administrative cost, $22; applied fixed manufacturing overhead, $29; and allocated fixed selling and administrative cost, $18. If Southern uses tot..
question1.hadicke company purchased a delivery truck for 44000 on 1st january 2012. the truck was assigned an evaluated
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