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Analysis of Installment-Sales Accounts Samuels Co. appropriately uses the installment-sales method of accounting. On December 31, 2012, the books show balances as follows.
Instructions
(a) Prepare the adjusting entry or entries required on December 31, 2012 to recognize 2012 realized gross profit. (Installment receivables have already been credited for cash receipts during 2012.)
(b) Compute the amount of cash collected in 2012 on accounts receivable each year.
gator divers is a company that provides diving services such as underwater ship repairs to clients in tampa bay area.
Prepare pro forma consolidated worksheet. Prepare a pro forma consolidation worksheet for Parent, Inc. and its proposed subsidiary as of December 31, 2009.
The surplus is deposited at the end of the year (so the first deposit is made 1 year after time 0, and the end of year one).
How are journals and ledgers interrelated in an accounting system?
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The company uses the effective-interest method to allocate unamortized discount or premium. The bonds are classified as available-for-sale. The fair value of the bonds at December 31 of each year is as follows:
when using a predetermined overhead rate to allocate overhead unforeseen things can materially affect the amount
the internal rate of return method is used to analyze a 946250 capital investment proposal with annual net cash flows
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