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The December 31,2013 balance sheet of barone company had accounts receivable of $400000 and a credit balance in allowance for doubtful accounts of $32000. During 2014, the following transactions occurred: sales on account 1,500,000; sales returns and allowances, $50,000; collects from costumers, $1,250,000; accounts written off $36,000; previously written off accounts of $6,000 were collected.
Activity-Based Costing
Electric utility companies have built larger and larger electric generating stations and, as a result, the long-run average cost of producing each kilowatt
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Prepare the journal entries on the books of Pritano to record the acquisition on December 31, 2010. It is expected that the earnings target is likely to be met.
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The company expects to experience an 85% unit learning curve. Estimate the cost of the 20th unit - which statement is correct?
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O'Reilly Co has been approached by a customer who would like a special job to be done for him. What are the relevant costs of material, in deciding whether or not to accept the contract?
Compute ending inventory and cost of goods sold under FIFO, LIFO, and average cost inventory costing methods.
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