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In chapter four, we covered inter-company accounting transactions as they pertain to merchandise, plant assets, notes, and inter-company long-term construction contracts. Select one of the topics, and explain in 200 words or more how the actual accounting procedures take place. Also, identify some of the issues that the accountant may face on the topics above.
Income before interest and taxes is expected to be $3,000,000. The company has a 30% tax rate and has 600,000 shares of common stock outstanding prior to the new financing.
question you are conducting the audit of superior company as of december 31 2008. the following accounts receivable
sarah jones the manager of the teen division of ellen clothing company was evaluating the acquisition of a new
a company wishes to buy new equipment for 85000. the equipment is expected to generate an additional 35000 in cash
At the beginning of the year, Addison Company's assets are $212,000 and its equity is $159,000. During the year, assets increase $80,000 and liabilities increase $58,000. What is the equity at the end of the year?
show workdecember 3120122011cash3350013000accounts
On January 1, 20xx, alpha Corporation isuued $800,000 of 10%, 30-year bonds to lenders at par (100). Interest is to be paid semiannually on July 1 and January 1. Journalize the following entries.
shannon inc. has been manufacturing its own shades for its table lamps. the company is currently operating at 100 of
However, it is also projected for Project B that in years three and four there will be an additional capital outlay of $100,000 for each year. Compute the NPV, IRR, Payback for both projects and select the best project. Show your work.
cypress company is a subsidiary of peppermint corp. the controller of cypress believes that the yearly allowance for
the results of operations for the preston manufacturing company for the fourth quarter of 2014 were as followssales
Wecker Company's year-end unadjusted trial balance shows accounts receivable of $89,000, allowance for doubtful accounts of $500 (credit), and sales of $270,000. Uncollectibles are estimated to be 1.0% of sales. Prepare the December 31 year-end ad..
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