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New Wave Co. sold 14,000 annual subscriptions of Game Life for $51 during December 2012. These new subscribers will receive monthly issues, beginning in January 2013. In addition, the business had taxable income of $448,000 during the first calendar quarter of 2013. The federal tax rate is 35%. A quarterly tax payment will be made on April 7, 2013. What is the( Federal income taxes payable?, Advances on magazine subscriptions? And total Current liabilities?)
a company sold an investment in trading securities originally costing 30000 for 28000. at the beginning of the year the
Prepare journal entries that should be recorded as a result of each of the above contingencies. If no journal entry is needed, briefly explain why.
john owns 30 of outstanding stock of wally and has the ability to significanlty influence the investees operations and
What information does the cash flow statement provide that you cannot see in the other financial statements (income statement, balance sheet, owner's equity)? What elements of the cash flow statement do you think are most important for company..
Unger Company uses the perpetual inventory method. Unger sold goods that cost $3,500 for $7,200. If the sale was made to a customer on account, the sale will:
you currently pay 10000 per year in rent to a landlord for a 100000 house which you are considering purchasing. you can
Compute the failure to pay and failure to file penalties for John, who filed his 2010 income tax return on October 20, 2011, paying the $30000 amount due at that time.
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sanilac county has a lease on a lawn mower for 2500 per month and .02 per minute of operation. operating costs for fuel
Provide examples from the manufacturing industry of:
five approaches to transnational financial reporting were identified in the chapter. list some advantages and
baxtra inc. pays 20000 in cash as interest to its lenders during 2005. according to u.s. gaap in which section of the
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