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On a May monthly bank reconcilement, an amount of $86.77 is required to be added with the beginning bank balance so that the general ledger bank balance will match. In the April monthly bank reconcilement also, the same amount was added with the beginning bank balance because the necessary correction entry was not done in the general ledger (the $86.77 was a tax & license expense check written in March & voided in April also a deduction and credit transaction of this same amount took place on the April bank issued statement). The $86.77 was added with the April bank rec. beginning balance to force the match. Should the bank account and tax & license expense account be debited or credited $86.77 to correct this? And should the $86.77 not be added with the May bank statement beginning balance?
Prepare an analysis to show which alternative makes the best use of Sharp Image's factory space - could be used to manufacture another product with a contribution margin of $75,000.
question yuan xi has just opened a company that imports fine ceramic gifts from china and trades them over the
Determine the simple rate of return on the new automated bottling machine.
Evaluate the regional manager's ethical responsibility in this scenario? Describe and support your position with evidence from the text.
Quark Spy Equipment manufactures espionage equipment. Quark uses a job-order costing system and applies overhead to jobs on the basis of direct labor-hours. For the current year, Quark estimated that it would work 100,000 direct labor-hours and incur..
Good Earth Products produces orange juice and candied orange peels. A 1,000-pound batch of oranges, costing $520, is transformed using labor of $40 into 110 pounds of orange peels and 290 pints of juice. What is the incremental benefit (cost) to the ..
question on 31st august 2010 chickasaw industries issued 25million of its 30-year 6 percent convertible bonds dated
Aaker Corporation, which has only one product, has provided the following data concerning its most recent month of operations:
Boggs contributed land with a fair market value of $22,000 and an adjusted basis of $40,000 in return for 12 shares of Y&B Company stock and 10 $1,000 bonds. Lyle performed legal and accounting work during the incorporation process in return for ..
Liman Corporation has a single product whose selling price is $139 and whose variable expense is $59 per unit. The company’s monthly fixed expense is $38,000. Using the equation method, determine for the unit sales that are required to earn a target ..
Do you think that other types of organizations should have an act similar to the Sarbanes-Oxley Act? Why or why not? Should the government, nonprofits, and private companies be held to the same or similar standards? Or is it too costly and time-consu..
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