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Explain cash receipt versus revenues
Cash Receipts versus revenues during the month of April. Simpson CO. had cash receipts from customers of 170,000. Expenses totaled 56,000 and accrual basis net income was 42,000. There were no gains or losses during the month.
1) Calculate the Revenues for Simpson Co. for April
2) Explain why cash receipt from customers can be different from revenues.
The pertnership earnings before partners' withdrawals for 2010 totaled $900000. compute jose's gross income from the partnership for 2010
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Assume earnings subject to state and federal unemployment compensation taxes are $5,250 at the federal rate of 0.8% and state rate of 5.4%. What are the journal entry to record the payroll tax expense for the period.
question this data relates to the cash account in the ledger of hawkins company.balance september 1-16400 cash
Ppaid $25,000 in premiums on a 20-year endowment policy on her life. The policy has a face value of $40,000. At age 60, Linda decides to collect the face value of the policy. In the year of collection, explain how much will Linda include in her ta..
Calcutron Company is contemplating introducing a new type of calculator to complement its existing line of scientific calculators.
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On that date, when the market price of Oliver was $14 per share, there were 180,000 shares of Gibbs outstanding. What NET reduction in retained earnings would result from this property dividend?
What would be the following the RNOA of the subsequent company?
Explain how much different is it to be able to take losses when the taxpayer is not active in the business but merely a "passive investor"?
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