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Borrowed $540,000 in jan 2014, made 12 monthly payments during the year, reducing the balance of the loan by 40,628. 2. issued common stock for 0.99 million. 3.purchased 9900 shares of treasury stock at $14 per share. 4.reissued 4,100 shares of treasury stock at $16 per share. 5.declared and paid a cash dividend of 112,200. Need help in preparing cash flows for the year ended dec 31, 2014 using indirect method.
Define the terms debit and credit. Explain how debits and credits affect the following: assets, liabilities, owner's capital account, revenues and expenses.
Trained as a mining engineer, David has developed considerable expertise in the treatment and disposition of waste material. He also is well versed in the federal and state requirements for land reclamation projects
An increase in the bonds payable account of $200,000 over the course of a year would be shown on the company's statement of cash flows prepared under the indirect method as:
What journal entry is needed torecord the payroll from the week prior (week ending 05/22, payroll computation happening on Tuesday 05/26).
Can you give an example of what this number may look like by using the income statement of a real-life company?
an accountant must be familiar with the concepts involved in determining earnings of a company. the amount of earnings
The company estimates that the non-guaranteed residual values on generators are equal to an average of 10 percent of the historical cost of the generators. Finance Here Sales & Service can expect that:
Which of the following combinations of accounting practices will lead to the highest reported earnings in an inflationary environment?
Difference between accounts payable and accruals (liabilities)
A trial balance that has total debits of $20,000 and total credits of $24,500. Which of error would cause the imbalance?
Prepare schedule to reconcile accounting and taxable income and to compute taxes payable. Prepare a schedule of temporary differences and deferred income taxes. Prepare Journal entry for each year. Show how income tax expenses, deferred income tax as..
A tract of land was distributed by MNO Inc. to its sole shareholder, Martha, as a dividend. At the time of the distribution, MNO Inc.'s adjusted basis in the land was $40,000, the fair market value of the land was $80,000, and the land was encumbe..
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