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Chris Hargrove is the owner of AP Instant Replay, a consignment shop for used sporting goods. Chris accepts consigned goods and offers them for sale to the general public. Chris rents business space, including a retail store where the consigned goods are displayed and sold, with adjoining office space where an Internet site is maintained and other administrative functions are performed. The Internet site includes photos and descriptions of items available for sale worldwide. If the goods sell, Chris consignment fee is 40% of the sale price, and 60% is remitted to the consignor. Shipping costs on electronic orders are paid by the customers.(a) The e-commerce portion of the business.(b) The retail portion of the business, assuming that the accounting systems are mostly manual and handled by Chris and his wife.
what does the consolidated statements of earnings-the income statement-tell you about a company? why is this statement
a new branch in its first year opened new accounts at a rate of 40 for every 100 customer calls. the total number of
Sometimes one's choices may involve catastrophic decisions and bear great risk and yet there can be no clear answer. For example, if a person gets a divorce, shutters a plant, sells a losing investment, or closes their business, will he or she be ..
the cost of the available-for-sale securities was $62,400, and the fair value was $56,900. Prepare the adjusting entry to record the unrealized gain or loss for available-for-sale securities on December 31, 2012.
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Attached is an Inventory cost test.
All materials are added at the beginning of the process. Direct labor was $32,450 and factory overhead was $18,710.
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An electing S corporation has a $30,000 ordinary loss for the non-leap year. On January 1, Beverly and Sonya own equally all of the S corporation stock. On the 146th day of the year, Beverly gives her one-half of the S corporation stock to her dau..
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your firm operates a boutique motel with three operating departments accommodation acc food and beverage f amp b and
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