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Gertrude Rich makes a pledge to a public university for $500,000. The pledge was made in 2017 but Gertrude specified the funds be expended in 2018. When would the university recognize the contribution revenue?
a. 2017
b. 2018
c. In the year cash is received
d. When the cash is expended
A partnership showed th following balances: sales, 70 000; cost of sales. 40 000; operating expenses, 10 000; partners' salaries, 13 000; interest paid to banks, 2 000 and partners' drawings, 8 000. The partnership profit is?
Which of the following will not affect retained earnings?
the chief engineer at tech deals has proposed production of a high-tech portable electronic storage device to be sold
write the headings of two large columns title one product costs and two period costs. under the product costs column
monster manufacturing company which has only one product had provided the following data concerning its most recent
beginning inventory 30000 units budgeted sales for the quarter 400000 units desired ending inventory 100000 units1.
calculate retained earnings from following dataretained earnings december 31
wadjase corp prepared a master budget that included 17800 for direct materials 28000 for direct labor 15000 for
rita arthurs the sales manager is discussing the possible outcome of the forthcoming election with paulo farmer the
How the changes in the lending regulatory environment, particularly with the passage of the Dodd-Frank Act, has impacted the bank's ability to lend money to businesses for capital projects and acquisitions.
On June 30, Amano Corporation discontinued its operations in Mexico. On September 1, Amano disposed of the Mexico facility at a pretax loss of $640,000.
Accrued rents on the apartment building are as follows" 70,000 (date of death) and 60,000 (six months later). In order to pay expenses, the executor of Arlene's estate sells the Tan stock for $600,000 eight months after her death.
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