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On December 28, 2013, Tristar Communications sold 15 units of its new satellite uplink system to various customers for $20,000 each. The terms of each sale were 2/10, n/30. Tristar uses the gross method to account for sales discounts. In what year will income before tax be affected by discounts, assuming that all customers paid the net-of-discount amount on January 6, 2014? By how much?
xs supply company is developing its annual financial statements at december 31 2010. the statements are complete except
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Assuming the Box Division has enough excess capacity to supply all of the Rolling Division's needs, which of the following is the range at which a negotiated transfer price between the two divisions should occur?
On july 2, 2010 Redford issued a 10% stock dividend on its common stock, and paid a cash dividend of $2.00 per share on its preferred stock. Net income for the year ended December 31, 2010 was $780,000. What should be Redford's 2010 basic earnings..
What are some examples of nontaxable fringe benefits? Please be mindful of substantiveness of the content
western wood products has two production departments cutting and assembly. the company has been using a single
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on march 1 2013 beldon corporation purchased land as a factory site for 60000. an old building on the property was
georgia company reported accounts receivable of 16.5 million at the end of its 2007 fiscal year. this amount was net of
During 2004, XYZ Company recorded salaries expense of $85,000. The salaries payable account at January 1st had a balance of $11,000 while the salaries payable account at December 31st had a balance of $8,000. The amount of cash paid to employees f..
on december 31 prior to adjustments the balance of accounts receivable is 16000 and allowance for doubtful accounts has
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