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Beverly Crusher is a licensed CPA. During the first month of operations of her business (a sole proprietorship), the following events and transactions occurred.April 2 Invested $32,000 cash and equipment valued at $14,000 in the business.April 2 Hired a secretary-receptionist at a salary of $290/week payable monthly.April 3 Purchased supplies on account $700 (debit an asset account).April 7 Paid office rent of $600 for the month.April 11 Completed a tax assignment and billed client $1,100 for services rendered. April 12 Received $3,200 advance on a management consulting engagement.April 17 Received cash of $2,300 for services completed for Ferengi Co.April 21 Paid insurance expense $110.April 30 Paid Secretary-Receptionist $1,160 for the month.April 30 A count of supplies indicated that $120 of supplies had been used.April 30 Purchased a new computer for $6,100 with personal funds. (the computer will be used exclusively for business purposes.Journalize the transactions in the general journal.
Convergence of international financial reporting standards
Advantages and disadvantages of each. Which do you believe would be the most beneficial to DSV and Eastrex?
As a startup entrepreneur, examine how CVP analysis can be used to create a profitable business and assist in determining sales price. Create a brief scenario for the use of CVP analysis in establishing the price of a product.
A corporation's balance sheet presents information as of a point in time. The balance sheet conveys information about a company's assets, liabilities and stockholder's equity. This discussion will provide you with the opportunity to analyze an act..
A series of monthly cash flows is deposited into an account that earns 12% nominal interest compounded monthly.
The general manager suggested capitalizing more of the company's product development costs and amortizing additional capitalized amounts over five years, using the straight line method.
Statement of comprehensive income for the year ended 31 December 2012 and statement of financial position as at 31 December 201
Advise Polaris Ltd whether it is required to produce consolidated financial statements (CFS). Consider the levels of control and the members' rights in your answer.
Compare the accounting treatment of dividends appropriated from pre-control and post control equities of a subsidiary. Consider the accounting by the companies paying and receiving the dividend, as well as by the corporate group.
Conduct research to locate the MD&A information in a report for Smith Manufacturing. the research should include the structure and components of MD&A as well as any applicable industry information that must be used in the preparation of the docume..
Select a public university system and review the financial statements and audit report for the system. Write a three to four (3-4) page paper in which you: 1.Identify and analyze the employee pension plan disclosures in the financial statements.
Methods by which the governing bodies communicate the standards, requirements, and guidelines for the accounting profession
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