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Last year bell-bottom jeans were fashionable and this year boot cut jeans are are in style. A retail company's inventory has 375 bell-bottom jeans that cost $17 each and could be replaced for $15. The inventory also includes 1,000 boot cut jeans that cost $16 each and could be replaced for $19. Prepare the journal entry that would be used to make the adjustment, and show the effects of the adjustment on the accounting equation.
Compute the profit margin ratio and gross profit rate. Caltor Company's assets at the beginning of the year were $770,000 ,and were $830,000 at the end of the year. To qualify for full credit, you must state the formula you are using, show your co..
a company was incorporated as a new business on january 1.the company is authorized to issue 20000shares of 5 par value
1.Determine the total compensation cost pertaining to the options. 2.Prepare the appropriate journal entry(if any)to record the award of options on January 1,2009.
Inform the president of any new internal control requirements if the company decides to go public.
During the year, Henry, a sole proprietor, sold for $65,000 a machine that was used in his business. The machine had been purchased in 2003 for $50,000, and when it was sold it had an adjusted basis of $30,000. How should this gain be treated?
The Production Division has no alternative use for the facilities used to manufacture the stuffing. What is SCC's the monthly operating income advantage (disadvantage) if the goods are purchased internally?
in comparing two investment alternatives the difference between the net present values of the two alternatives obtained
A company that provides training, certification and consulting services to commercial, government, and non-profit organizations in applying best practices in balanced scorecard (BSC), strategic performance management and measurement, and transform..
Assume the same facts except that Loon's long-term capital gain is $100,000 (instead of $60,000). Compute Loon's taxable income for the year.
barley ltd produces a certain food item in a manufacturingprocess. on 1st november there was no opening stock in
the sarbanes-oxley act requires that all publicly traded companies maintain a system of internal controls. internal
what is the purpose of a bank reconciliation? what are the reasons for differences between the cash reported in the
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