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Carter Corporation applies manufacturing overhead on the basis of machine-hours. At the beginning of the most recent year, the company based its predetermined overhead rate on total estimated overhead of $163,840. Actual manufacturing overhead for the year amounted to $172,990 and actual machine-hours were 6,560. The company's predetermined overhead rate for the year was $25.60 per machine-hour.
prepare journal entries to record the following transactions involving both the short-term and long-term investments of
Retained earnings at 1/1/06 was $150,000 and at 12/31/06 it was $200,000. During 2006, cash dividends of $50,000 were paid and a stock dividend of $40,000 was issued. Both dividends were properly charged to retained earnings.
The long-term note payable bears interest at 12% per year. The unadjusted Interest Expense account equals the amount paid for the first 11 months of the 2009 fiscal year. The $230 accrued interest for June has not yet been paid or recorded.
What is the amount of the refund owed to the customer and journalize the entries made by the seller to record the return and the refund.
abraham inc. a new jersey corporation operates 57 bakeries throughout the northeastern section of the united states. in
the company is currently producing and selling 144 windows annually and each window is sold for 140.00. the company is
rationalization is one of the components of the fraud triangle. what types of rationalization could a person use to
Amber City borrowed $1,000,000 secured by a 5-year mortgage note. The cash from the note was used to purchase a building for vehicle and equipment maintenance. Show how these two transactions should be recorded in the General Fund and governmen..
Pacific has the following account balances as of Feb 1. Western pays $2,020,000 in cash. An additional $20,000 is paid in direct combination costs. For each of the following accounts, determine what balance will be included in a Feb 1 consolidatio..
After the events of September 11, we were without our securities markets for few days. Though, it was a difficult condition, the markets opened in a few days and we managed.
when using the indirect method to prepare the statement of cash flows depletion expense should be presented as
Discuss the audit opinion you consider most appropriate for each of these situations.
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