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1. Give an example of a transaction in the general journal that causes an entry to be posted twice (i.e., to two accounts), one in the general ledger, the other in the subsidiary ledger. Does this affect the debit/credit equality of the general ledger?
baker cpa was engaged to audit mill companys financial statements for the year ended september 30 20x1. after obtaining
Quark Spy Equipment manufactures espionage equipment. Quark uses a job-order cost system and applies overhead to jobs the basis of direct labor-hours. Prepare journal entries to record Quark's transaction for the month of January. Do not close out..
the final deliverable for your business capstone project is to prepare a business proposal addressed to your
What is the difference between Tangible and Intangible Assets? Why do we care to make such differentiation? Are both depreciable? What is the purpose of depreciation anyway?
your friend asks you what the terms fob shipping point and fob destination mean. what are the accounting and business
Why do you think this is true? Which general controls can help reduce these risks?
Venture Company acquired patent rights on January 3, 2005, for$661,500. The patent has a useful life equal to its legal life of 15 years. On January 5, 2008, Venture successfully defended the patent in a lawsuit at a cost of $105,000.
firm h operates its business in jurisdiction h which levies a 6 sales and use tax. this year the firm purchased a
margaret avery company from time to time embarks on a research program when a special project seems to offer
Professor Andy Accrual works for a big state university. The state has negotiated a set of special airfares with various airlines for state employees to use when traveling on state business.
1. best shingles budgeted manufacturing costs for 50000 squares of shingles are fixed manufacturing costs 12000.
You have to read the report, understanding its purpose and then discuss why individual has different way of choosing different method of accounting.
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