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JWS Transport Companys employees earn vacation time at the rate of 1 hour per 40-hour work period. The vacation pay vests immediately (that is, an employee is entitled to the pay even if employment terminates). During 2011, total wages paid to employees equaled $404,000, including $4,000 for vacations actually taken in 2011 but not including vacations related to 2011 that will be taken in 2012. All vacations earned before 2011 were taken before January 1, 2011. No accrual entries have been made for the vacations. No over-time premium and no bonuses were paid during the period.Prepare the appropriate adjusting entry for vacations earned but not taken in 2011.
K2 Corporation has assets of $1.35 million, common stock of $351,000, and retained earnings of $214,000. What are the creditors' claims on their assets?
Prepare the stockholders' equity section of the balance sheet at December 31, 2009. Amounts in parentheses do not require a minus sign in front of them.
Assume that the per capita income of residents in a country is normally distributed with mean = $1000 and variance = 10,000. what is the probability that the per capita income lies between $800 and $1200?
reconsider study problem 11-30 kobe oneal with some different facts. assume that oneals current contract is worth
what is the minimum acceptable selling price of material L to the company that could use material L in its own production process?
a. What costs are relevant to the decision to accept this special order? b. What would be the dollar effect on pre-tax income if this order were accepted?
the vest company issued 500000 5 year 8 bonds. the market rate at the time of the sale was greater than 8 so the bonds
magellan corporation acquired 80 percent ownership of dipper corporation on january 1 20x8 for 200000. at that date
the manufacturing division of an electronics company uses activity-based costing. the company has identified three
1. explain the difference between a closed-fact and open-fact situation.2. describe the format of a client memo.3.
george dick an employee of plum corporation drove his car atotal of 17.966 miles during 2008. of the total miles 17.122
How should Wesley determine the amount of compensation expense related to the compensatory stock options, if any, that should be recognized in its income statements for 2003, 2004, and 2005? Why?
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