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Listed below are several transactions that took place during the second two years of operations for RPG Consulting. Year 2 Year 3
In addition, you learn that the company incurred advertising costs of $25,000 in year 2, owed the advertising agency $5,000 at the end of year 1, and there were no liabilities at the end of year 3. Also, there were no anticipatedCash collected from credit customers bad debts on receivables, and the rent payment was for a two-year period, year 2 and year 3. Required:
1.Calculate accrual net income for both years. 2.Determine the amount due the advertising agency that would be shown as a liability on the RPG's balance sheet at the end of year
consider the trial balance of dmn corporation shown in table 2.1. based on that trial balance alone which of the
the stockholders equity section of tkachuk corporation appears below as of december 31 2014. 8 preferred stock 50 par
The Dotson Company, owner of Bleacher Mall, charges Rich Clothing Store a rental fee of $600 per month plus 5% of yearly profits over $500,000. Matt Rich, the owner of the store, directs his accountant, Ron Hamilton, to increase the estimate of ba..
does a state have the authority to require a u.s.-based multinational corporation to compute its state taxable income
Determine the true cash balance by preparing a bank reconciliation as of June 300, 2012, using the preceding information.
del ray imports sold a depreciable plant asset for cash of 425000. the accumulated depreciation amounted to 60000 and a
Prepare the business Income Statement for the period. Prepare the business Statement of Changes in Equity for the period, Prepare afully classified Balance Sheet at the end of the period.
the term tax shield refers to the amount of income tax saved by deducting depreciation for income tax purposes. assume
southern company is preparing a cash budget for april. the company has 12000 cash at the beginning of april and
as a part of the initial investment a partner contributes office equipment that had a cost of 20000 and accumulated
macgiver brass is a brass plating firm with sales of 8 million and profits before taxes of 625000. macgiver has a loan
amanda and chris mcdermott own a small business plastic dollars which produces and maintains stored value cards for
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