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Hamblin Co. elects to use the percentage-of-sales basis in 2014 to record bad debts expense. It estimates that 2% of net credit sales will become uncollectible. Sales revenues are $871,300 for 2014, sales returns and allowances are $53,200, and the allowance for doubtful accounts has a credit balance of $9,490. What would the debit and credit entries be?
four different competent accountants independently agree on the amount and method of reporting an economic event. the
What benefits do you see for the U.S. economy in tax-sparing credits? Should it be expanded or reduced? Why or why not?
The average market price of FGI's common stock was $15 during 2011. What is the number of shares that should be used in computing diluted earnings per share for the year ended December 31, 2011.
what is Giambi's inventory turnover? Giambi Corp had beginning inventory $10,000, cost of goods purchased $700,000, and ending inventory $140,000.
lrna company issued 300000 11 10-year bonds on january 1 2014 for 318694. this price resulted in an effective-interest
The present value of these cash flows, discounted at Mining's market interest rate, is $2,800,000. At what amount should the patent be carried on the December 31, 2007 balance sheet?
1. what are the four methods commonly used to identify the fixed and variable elements of a mixed cost?2. identify the
nbspnbspnbspnbsp1.nbspnbspnbspnbspaccounts that are not closed to a zero balance at the end of each
thurston howell iv is the sole heir to the howell enterprise fortune.nbspnbsphe does not participate in the business
the following data is available regarding costs and
components of internal control the chapter identified five components of internal control.listed below are specific
Write the details of each partner's contribution in narrative form. At least one of the partners must have contributed more than just cash. If other assets are introduced, they must be realistic. Explain where they came from if necessary.
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