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1. Describe two business examples for each account classification (asset, liability, & owners’ equity) from a real life service company, merchandiser company (retailer), and manufacturing company.
2. Provide an example of the journal entries for either accounts receivable or accounts payable (Provide the original adjusting entry and the subsequent cash entry).
Ring Company allocates the net cost of the company cafeteria to production departments using the direct method based on the number of employees in each department. What amounts will be allocated to the packaging department?
problem below are current year financial statements for two companies in the same industries and direct competitors.
1. when a company spins off a subsidiary by paying out shares in the subsidiary as a dividend to shareholdersa the firm
Describe the matters you should consider and the action you will take to ensure your firm remains independent as external auditor of the annual financial statements;
How liquid is Heavy-Duty Tractors? Support your answer with any ratios that you believe are necessary to justify your conclusion. Also indicate any other information that you would want to have in making a final determination on its liquidity.
Create a forecast of the units and cost of raw material that will be required for February, March, and April. The expected cost per pound of raw material is expected to be $2 in February, $2.30 in March, and $2.40 in April.
question 38alladin company purchased machine 201 on may 1 2012. the subsequent information relating to machine 201 was
Journalizing transactions, posting to T-accounts, and preparing a trial balance
What is the companys net income for the year ending December 31, 2010 and financial statements of Dinkel Company for the year ending December 31, 2010
Journalize these transactions, first on the books of Arnold Drug Stores and second on the books of Gerson Pharmaceuticals. Assume both companies use the periodic inventory system.
The question is about ratio analysis finding out liquidity and solvency of the company - relative profitability of the companies by computing the net income and earnings per share for each company for 2007.
As the External Auditor and using a standard format memo (i.e. a short report of ½ to 1 ½ pages) please explain to Mr David Buttoner.
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