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Data Technologies provides maintenance service for computers and office equipment for companies throughout the Northeast. The sales manager is elated because she closed a $300,000 three-year maintenance contract on December 29, 2011, two days before the company"s year-end. "Now we will hit this year"s net income target for sure," she crowed. The customer is required to pay $100,000 on December 29 (the day the deal was closed). Two more payments of $100,000 each are also required on December 29, 2012 and 2013.
Discuss the effect that this event will have on the company's financial statements.
lance berkman is the controller of saturn a dance club whose year end is december 31. berkman prepares checks for
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Imagine you are preparing a business's cash budget, which involves determining the amount of cash to keep on hand. How might the nature of the business affect your decision? Provide specific examples in your response.
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After the adoption of SFAS 158, the pension asset/liability on a company's books will be equal to:
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A company shows common size comparisons for two years on balance sheets. There is almost a two-fold increase in cash and equivalents, a 3% decrease in inventories, a small decrease in net property and equipment, and a large increase in retained ea..
The Denim World sells fabrics to a wide range of industrial and consumer users. One of the products it carries is denim cloth, used in the manufacture of jeans and carrying bags.
Calculate the estimated cost of indirect supplies and explain briefly what the value of the coefficient of determination
you will complete a review of a current and relevant journal article in accounting. this article must be authored
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