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Angela Moss and Autumn Barber organize a partnership on January 1. Moss's initial net investment is $75,000, consisting of cash ($17,500), equipment ($82,500), and a note payable reflecting a bank loan for the new business ($25,000). Barber's initial investment is cash of $31,250. These amounts are the values agreed on by both partners. Prepare journal entries to record (1) Moss's investment (2) Barber's investment.
What is the amount of contract costs incurred during the year ended December 31, 2012?
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What effect will the bond premium amortization have on interest expense in 20x7, assuming straight-line amortization is used whereappropriate?
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on february 24 lawn ranger company a garden retailer purchased 40000 of corn seed terms 210 n30 from nebraska farm co.
double-entry accounting is an accounting system that records each transaction twice. that records the effects of
A company allocates $7.50 overhead to each unit produced. the company uses a Plantwide overhead rate with direct labor hours as the allocation base. given the amounts below, how many direct labor hours does the company expect in department 2??
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Prepare the entry for the issuance under the assumptions - The stock had a par value of $5 per share and was issued for land worth $52,000
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