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Explain how the following impacts the GDP: a. the sale of used textbooks back to the bookstore b. the purchase of a famous painting painted in 1890 and purchased by the Brooklyn Museum in 2010. c. Income of a dentist. d. The $200 your parents send you to pay for your textbooks. e. To celebrate your birthday, you buy a bottle of French champagne.
On January 15, the purchaser returns $1,750 worth of paper for full credit(approved by Shah) against the bill. Should the shipment on the December 31 be recorded as a sale? Discuss the ethics of Shah's action.
Plot on graph - define variables and state parameters. What type of function models the behavior of the graph? Why Create an equation(model) that fits the graph. on a new set of axes draw your model and comment on differences
fixed costs are $250,000, the unit selling price is $20, and the unit variable costs are $16, what is the break-even sales (units) if fixed costs are reduced by $40,000?
Elsie, Elmer's wife, did not own any of the Virginiana Mutual Fund shares, but she did receive $175 in interest on a savings account at the Moss National Bank and $1,475 in interest on California Municipal Bonds. Elmer and Elsie filed a joint inco..
Why does an intra-entity sale of a depreciable asset (such as equipment or a building) require subsequent adjustments to depreciation expense within the consolidation process?
Evaluate the monthly margin of safety in dollars if the business achieves it's operating income goal?
financial statements of the subsidiary and the parent are consolidated.
Create a contribution margin income statement for the company and evaluate its contribution margin per unit and its contribution margin ratio
On July 15, 2011 a lawsuit was filed against D Corporation for a patent infringement action allegedly took place in early 2011. In the opinion of legal counsel, there is a danger of a significant loss to the client. Determination by the federal..
What is the gain or loss recognized by the corporation when it issues its shares to Bill? What is the basis to the corporation of the property it received from Bill?
Prepare the September 9 entry to establish the fund and (2) the September30 entry to both reimburse the fund and reduce it to $300.
Evaluate Andreas basis in the partnership interest at the starting of the year
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