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1. Bienvenu Enterprises reported cost of goods sold for 2010 of $1,400,000 and retained earnings of $5,200,000 at December 31, 2010. Bienvenu later discovered that its ending inventories at December 31, 2009 and 2010, were overstated by $110,000 and $35,000, respectively. Determine the corrected amounts for 2010 cost of goods sold and December 31, 2010, retained earnings
smiley inc. is authorized to sell 1000000 shares of 10 par value common stock and 50000 shares of 100 par value 6
lakeland inc. manufactured 5000 units during the month of march. they incurred direct materials cost of 100000 and
Prepare the adjusting journal entry to record bad debt expense for the year. If the allowance for doubtful accounts had a debit balance of $900 instead of a credit balance of $2,800, prepare the adjusting journal entry for bad debt expense.
Indicate the type of adjusting entry-prepaid expense, unearned revenue, accrued revenue, and accrued expense- that is needed to correct the misstatement.
Assume the local DHL delivery service hub has the following information available about fleet miles and operating costs: Use the high-low method to develop a cost-estimating equation for total annual operating costs. (Let X = annual fleet miles.)
moonscape hs jsut completed an initial pblic offering. the firm sold 4 million shares at an offer proce of 10 per
The division sale was completed in March 2010, and Employer refused to pay Employee any part of the net sale proceeds or any accrued net profits. Employee sued to collect her share of the net proceeds of the sale and the net profits accrued as of ..
What financial information are such clubs likely to collect and maintain? Assuming that the club keeps manual accounting records; would you consider such systems accounting information systems? Why or why not?
What are the main components of Zain "Consolidated annual financial statements and independent auditor's report 31 December 2013"?And Zain financial statements are prepared in conformity with which standards?
data concerning homme corporations single product appear
Calculate the contribution margin for each antique. For purposes of this computation, ignore the sales commission as one of the variable cost.
kevin and bob have owned and operated soa as a c corporation for a number of years. when they formed the entity kevin
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