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Net World Inc sold 4800 annual subscriptions of Net World for $45 during December 2003. These new subscribers will receive monthly issues, beginning in January 2004. in addition, the business had taxable income of $160,000 during the first calendar quarter of 2004. The federal tax rate is 35% a quarterly tax payment will be made on april 7,2004.Prepare the current liabilities section on the balance sheet for net world magazine inc on march 31, 2004.
Prepare a schedule for the cost of goods manufactured for 2009 and revenues for 2009 were $300 million. Prepare the income statement for 2009.
Wilson Co. has an agreement with the sales manager taht she is to recieve a bonus of 5% of net income after deduction of the bonus and income taxes. COmpany income before deduction of the bonus and income taxes is $250,000. Income taxes are 30% an..
Prepare an effective method amortization table for the first four semi-annual interest periods.
There are 33 units of the item in the physical inventory at December 31. The periodic inventory system isused. Determine the inventory cost by (a) the first-in, first-out method, (b) the last-in, first-out method, and (c) the average cost method.
Calculate ending inventory, cost of goods sold, gross profit, and gross profit rate under each of the following methods.
the manager of a paint supply store wants to determine whether the mean amount of paint contained in 1-gallon cans
corporation has the following sales budgetmonth budgeted salesmay 84000june 100000july 92000august 110000september
john adams wants to accumulate 100000 to be used for his daughters college education. he would like to have the amount
a company giving scenic rides over the city in a helicopter has decided to close their business. the helicopter is for
What are the key management assertions related to cash? What are the most important assertions related cash? How will auditors test these assertions?
from the e-activity examine the importance of the audit committee oversight related to the quality of the internal
on jan 1 2004 apple inc. purchase a 3 yr insurance policy for 6000. on dec 31 2004 the fiscal year-end for apple. what
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