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1. What is the difference between an agreement and a contract? What is the difference between an offer and a contract?
If you sign a purchase agreement to buy a house but do not give the seller a deposit and, after signing, change your mind before you move in, are you bound by your agreement?
Discuss the role of the AICPA in establishing performance standardsin hospital accounting. Give specific examples of their efforts torevise and improve the quality of accounting practice in health care organizations.
Prepare the allocations schedule and the S&A consolidation journal entry for the December 31, 2009 consolidation worksheet.
Determine how the disclosure should be treated in this instance. Examine what effect this would have on the financial statements.
The selling price of a particular product is $38.00 per unit, fixed costs total $175,000, and the breakeven sales in dollars is $875,000, what will the variable expense per unit be?
Rice Co. exchanged merchandise that cost $24,000 and normally sold for $36,000 for a new delivery truck with a list price of $40,000. The delivery truck should be recorded on Rice's books
Neither of the two items above is reported in the financial statements of British Airways, and neither is likely to appear there in the future. Why?
Colson Corp. had $700,000 net income in 2015. On January 1, 2015 there were 250,000 shares of common stock outstanding. On April 1, 30,000 shares were issued and on September 1, Colson Corp bought 40,000 shares of treasury stock. There are 30,000 opt..
Compute the depreciation expense, rent revenue, interest expense, insurance expense and supplies expense recognized during the first quarter
We want a flexible budget because costs are too hard to predict. We need the flexibility to change budgeted costs as input price change. Does a flexible budget serve this purpose? Explain.
Why does the GAAP not allow a company to use the percentage of sales and the percentage of receivables methods at the same time?
prepare journal entries to record the following merchandising transactions of sheng company which applies the perpetual
interpreting financial statements please respond to the following1 peachtree complete accounting has the ability to
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