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Calculation of Revenues and explanation about how cash receipts cans be different from revenues.
Cash Receipts versus revenues during the month of April. Simpson CO. had cash receipts from customers of 170,000. Expenses totaled %156,000 and accrual basis net income was 42,000. There was no gain or losses during the month.
a. Calculate the Revenues for Simpson Co. for April
b. Explain why cash receipt from customers can be different from revenues.
The most noteworthy item on the income statement is net income. The most noteworthy item on the cash flow statement is not net cash flow." Explain this comment and if you agree, what might be?
Reporting results Identify the greatest problems Virms is likely to have doing the audit
Redrafting contribution Margin statements - Electricity cost is only for lighting a rather large area of land for play at night and is always on after sunset regardless of how many shooters are on site.
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Nadal declared and paid a cash dividend of $36,000. On December 31, Nadal reported a net income of $85,000 for the year. Create all necessary journal entries in 2010 for both situations.
Organize journal entries to record the transactions. Purpose adjusting entries on December 31 to record accrued interest (daily interest is evaluated utilizing the 360 day method).
Illustrate what about chain of custody before someone from the legal system discovers the evidence? If the evidence passes through several hands first, does that invalidate the chain of custody?
question helix company produces various products in its factory adding a karate robe. the company uses a standard cost
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