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In December 2010, Bob Cratchit worked for Scrooge & Marley and earned $1,000. Federal income tax withholding is 10%. The FICA rate is 6.2% and the Medicare tax is 1.45%. How much of Bob's December salary will be included in Salary expense on Scrooge & Marley's income statement for the year ended December 31, 2010?
williams corporation purchased a depreciable asset for 400000 on january 1 2010. the estimated salvage value is 40000
Also explain how the cash budget can impact the timing of certain decisions such as when to invest in capital projects or seek additional financing.
the chart of accounts is many times described in financial accounting as the central element of a general ledger
At year end, January 31, 2011, the Prepaid Rent account had an unadjusted balance of $19,500. This amount was paid on February 1, 2010, to pay rent for years 2010, and 2011. Prepare the year-end adjusting entry.
Explain a possible reason behind the conventioneers' unhappiness.
If you had to select one of these categories of systems goals as the most important to the effective operation of an organization's information system, which one would you choose? Explain the reasons for your choice.
wilson wonderss bonds have 12 years remaining to maturity. interest is paid annually the bonds have a 1000 par value
picture pretty manufactures picture frames. sales for august are expected to be 10000 units of various sizes.
Compute the cash collections from January sales in January, February, and March.
1.cellular solutions inc. had a very successful year in 2013. based on a 125 average unit selling price monthly sales
Explain the accounting and reporting for stockholder's equity. How are restrictions on retained earnings reported? What are the key components of stockholder's equity? Indicate how to present and analyze stockholder's equity.
Instead, Lucy has classified the 50,000 as contributed capital (equity), and the interest payments are included in miscellaneous expenses on the company's income statement. What are the effects of Lucy's classification on the financial statements?
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