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At the beginning of the period, the Cutting Department budgeted direct labor of $155,000, direct material of $165,000 and fixed factory overhead of $15,000 for 9,000 hours of production. The department actually completed 10,000 hours of production. What is the appropriate total budget for the department, assuming it uses flexible budgeting.
A company has bonds outstanding with a par value of $400,000. The unamortized premium on these bonds is $2,000. The company retired these bonds by buying them on the open market at 97. What is the gain or loss on this retirement?
on the basis of the following data journalize the adjusting entries at june 30 the end of the current fiscal year and
brad and angelina are a wealthy couply who have three children fred bridget and lisa. two of the three children fred
the ceo of smartphone apps llc is preparing a loan application. using the data below only prepare an income statement.
mountain high ice cream company transferred 60000 of accounts receivable to the prudential bank. the transfer was made
Ace Bonding Company purchased merchandise inventory on account. The inventory costs $2,000 and is expected to sell for $3,000. How should Ace record the purchase?
A.are reported as current assets B.include cash equivalents C.do not include equity securities D.all of the above
helene and pauline are twin sisters who are married. thier husbands died in a car accident. helene and her husband
Auditors should understand the five components of internal control that are sufficient to assess the risk of material misstatement of the financial statements, whether due to error or fraud, and to design the nature, timing, and extent of further ..
on october 1 2012. a company issued a 5 month note receivable to morearms inc at an annual interest rate of 16.
the financial statements of the nelson manufacturing company reports net sales of 500000 and accounts receivable of
the account balances appearing on the trial balance below were taken from the general ledger of flops copy shop at
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