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1. Gershwin Corporation obtained a franchise from Sonic Hedgehog Inc. for a cash payment of $120,000 on April 1, 2010. The franchise grants Gershwin the right to sell certain products and services for a period of 8 years. Prepare Gershwin's April 1 journal entry and December 31 adjusting entry.
accrued salaries of 4950 owed to employees for december 30 and 31 are not comsidered in preparing the financial
the inventory at november 1 and costs charged to work in process - department x during november are as follows3800
Assuming the employee was a CPA and knew that the use of MTM accounting was beyond the scope of the SEC approval parameters, do you believe that the employee had a responsibility to report the behavior to the audi committee? Why or why not?
1 kerry stutsman has 500 in a saving account earning .45 interest. she is considering buying a 1-year certificate of
sweet baby diaper company sells disposable diapers for 0.20 each. variable costs are 0.05 per diaper whole fixed costs
A plant asset with a five-year estimated useful life and no residual value is sold at the end of the second year of its useful life for a gain. Assume that the asset had produced 4/5 of its total production prior to being sold. Which depreciation ..
assume that bloomer company purchased a new machine on january 1 2010 for 80000. the machine has an estimated useful
Short-Term Credit Decision
the following transactions occurred during march 2013 for the wainwright corporation. the company owns and operates a
Prepare an income statement, balance sheet, and statement of cash flows for the 2013 accounting period.
All journal entries to record the income taxes on the books of Seminole for each year.
Prepare the journal entry(s) and defend your reasoning process for the admission of Smith to the partnership assuming Smith invested $400,000 for the ownership interest. Smith paid the money directly to Reese and to Janet for 50% of each of their ..
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