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B-Mart sells $5,000 of blue jeans. The customer later tells B-Mart that $200 of them are defective. The sale of the $5,000 of blue jeans on account has already been recorded. The customer agrees to keep the blue jeans and B-Mart agrees to a $200 allowance. Assuming a perpetual inventory system is used, B-Mart will:
Mclain corporation sold 6.000.000, 9%, 10years bonds on january 1, 2014. the bonds were dated january 1, 2014, and pay interest on july 1 and january 1. McLain corporation use the straight line method to amortize bond premium or discount. assume no i..
In making judgments about materiality at the account balance level, the auditor must consider the relationship between it and financial statement materiality. This should lead the auditor to plan the audit to detect misstatements that:
On February 1, 2010, Katz corp. purchased a small lot and unusable building for $12,000, including back taxes of $1,000. On March 1, 2010, the lot was cleared, paved, and fenced to provide additional parking for employees.
Innova also incurs 5% sales commission ($0.35) on each disc sold. Mudd Corporation offers Innova $4.75 per disc for 5,000 discs. Mudd would sell the discs under its own brand name in foreign markets not yet served by Innova.
for your assignment discuss when the government and nonprofit organizations would use each of the following
what is the market value of a 1000 bond which has a coupon interest rate of 8 and will mature in 20 years if it is
Using this information, with all other information the same, determine the carrying value [book value] of the bonds at June 30 of the current year?
tax rates latesha a single taxpayer had the following income and deductions for the year 2012. income salary 60000
How exactly does international tax planning assist a US citizen avoid taxes? Discuss what you feel are the legal, ethical and fairness issues involved in doing this type of international tax planning.
How would Celestine's ending liabilities be treated if they formed an LLC, instead of a general partnership?
the final deliverable for your business capstone project is to prepare a business proposal addressed to your
what are the two types of audit tests? what are some examples of each of these two types of tests? how will the auditor
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