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Compton Company reported the following information on its comparative financial statements: Sales revenue $24.0 million (two-thirds on credit); cost of goods sold $16.0 million; accounts receivable in 20A $1.4 million and in 20B $1.7 million; and inventory in 20A $2.0 million and in 20B $2.5 million. Compute the number of days sales in accounts receivable and days sales in inventory assuming a 365 day year.
cress company makes four products in a single facility. data concerning these products appear below nbspnbsp
confer company produces two different metal components used in medical equipment. the company has three processes
on january 1 2011 walter scott co. leased machinery under a 6-year lease. the machinery has a 9-year economic life. the
cash flows from operating activities - direct methodthe cash flows from operating activities are reported by the direct
the following information concerns production in the forging department for september. all direct materials are placed
Which is the primary assertion tested in conjunction with the obtaining of evidence regarding impairment? Answer a. Rights. b. Existence. c. Cutoff. d. Valuation.
raggs corporations standard wage rate is 12.20 per direct labor-hour and according to the standards each unit of output
citywide company issues bonds with a par value of 69000 on their stated issue date. the bonds mature in seven years and
arnold corportions has been authorized to issue 40000 shares of 100 par value 8 noncumulative preferred stock and
Krew Kutter's net income was $100,000 last year. The company has 10,000 shares of common stock and 4,000 shares of $200 par value, 6 percent preferred stock outstanding.
your supervisor at youcpa wants to know what you think about the proposed change from gaap to ifrs in the united states
(a) Common stock of E Company (10% ownership) held as available-for-sale securities, cost $120,000, fair value of $115,000 & (b) common stock of F Company (30% ownership) cost $215,000, equity of $250,000. Prepare the investments section of the ba..
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