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Cosmos Corporation sells five different types of products. The company is divided for internal reporting purposes into five different divisions based on these five different product lines. The company should prepare the note disclosure for dissaggregated information based upon the
A. Five types of products
B. Five different divisions
C. Materiality of each product line based on the revenue or operating profits generated by each product line or the assets utilized by each product line.
D. Geographic areas in which the 5 products are sold
Discuss whether Lydia Delay behaved in a professional manner by subtracting the discount, even through the discount period had expired. -What would you do? -How should Midwest handle this payment and the irregular use of the discount?
Dubois inc wishes to accumulate $1,300,000 by dec 31, 2020 to retire bonds outstanding. the company deposits $200,000 on december 31, 2010, which will earn interest 10% compounded quarterly, to help in the retirement of this debt.
1. Make summary journal entries to record the store's transactions for the year ended January 31, 2012. Best Way uses a perpetual inventory system.
for lodes company the relevant range of production is 40-80 of cppacity. at 40 of capacity a variable cost is 4000 and
1. zanny electronics companyuses a standard cost system to collect costs related to the production of its water ski
most company has an opportunity to invest in one of two new projects. project y requires a 315000 investment for new
the condensed income statement shows the following information for department r sales 2000000 cost of goods sold
The auditors wish to test the valuation of accounts receivable in the audit of Seaside Enterprises. The client has $5,000,000 of total recorded receivables, composed of 2500 accounts.
during the last month of its fiscal year echo lake resort provided catering services for local business. echo lake
identify internal control principles. so 2 c the internal control procedures in phillips company make the following
Beth, who died in January 2012, was survived by her husband, Ben. Beth's federal gross estate was equal to $6,000,000 on the date of her death.
Merchandise costing $720 was received on December 28, 2012, and the invoice was not recorded. You located it in the hands of the purchasing agent; it was marked “on consignment.”
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