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Oceansude Realty pays weekly salaries of $3700 on Friday for a five-day week ending on that day. What is the adjustment at the end of the accounting period.
a)assuming that the period ends on Wendesdayb)Indicate each account affected whether the account is increased or not.
Our book distribution division sells to national bookstores. Our division allows for up to 25% of sales in returns. For the past 4 years, returns have averaged 20%. We record revenue based on revenue recognition when the right of return exists.
Describe how influential you believe the IASB is over FASB. Describe whether or not you support the U.S. adopting International Financial Reporting Standards for publicly traded companies.
a company uses a process cost accounting system. its sewing departments beginning inventory consisted of 50000 units.
Discuss the differences between unit-related, batch-related, and product-sustaining activities. Give one example of each type of activity.
federal income tax law has rules for depreciation on assets some of which are required to use accelerated depreciation
As a result, the bank decided that the loan was impaired. If the loss is estimated to be $225,000, what entryies should National American Bank make to record this loss?
assets are 800 and liabilities are 200.revenues were 1500 expenses were 700 and gains were 100.cash increased by 200.
on april 30 2009 tilton products purchased machinery for 88000. the useful life of this machinery is estimated at 8
A company that changes from the declining-balance method of depreciation for previously recorded assets to the straight-line method should report the change as a(n)
identify the factors that are considered in classifying an expenditure as a capital or a revenue expenditure. are there
research the doctrine of promissory estoppel online. use an actual case to help you discuss the following questionshow
luke who retired this year lives in a four-plex owned by julie. lukes income decreased when he retired and he now has
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