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1. Guillen, Inc. began work on a $7,000,000 contract in 2010 to construct an office building. Guillen uses the completed-contract method. At December 31, 2010, the balances in certain accounts were construction in process $1,715,000; accounts receivable $240,000; and billings on construction in process $1,000,000. Indicate how these accounts would be reported in Guillen's December 31, 2010, balance sheet.
Identify and explain any problems you see with the sales plan. If you were Bright and Shiny CEO, which aspects of the sales plan would you have approved and which would you have denied. Why?
in the month of march style salon services 580 clients at an average price of 180. during the month fixed costs were
feng company installs a computerized manufacturing machine in its factory at the beginning of the year at a cost of
spencer company sells 10 bonds having a maturity value of 3000000 for 2783724. the bonds are dated january 1 2012 and
You have $1,000 and have two options: put the $1,000 in a coffee can at the back of your pantry or invest the money and earn a 5% return. Which one is better? How much will you have in one year under each alternative?
allowance for doubtful accounts has an unadjusted balance of1100 at the end of the year and an analysis of
an investment costs 500 and is expected to produce cash flows of 50 at the end of year 1 60 at the end of year 2 70 at
What was the pension expense for the year?
great corporation has the following situation. debt one thousand bonds were issued five years ago at a coupon rate of
during its most recent fiscal year simon enterprises sold 290000 electric screwdrivers at a price of 17.70 each. fixed
jamaica corp. is adding a new assembly line at a cost of 8.5 million. the firm expects the project to generate cash
Transparency and Disclosure: A company's overall policy for controlling and disseminating inside information must meet the standards for transparency and disclosure. What would the company's specific financial reporting objectives be with respect t..
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