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On January 1, 2004, Ellen Inc. established a petty cash fund of $200. On December 31, 2004, the petty cash fund was examined and found to have receipts and documents for miscellaneous expenses amounting to $132. In addition, there was cash amounting to $60. What entry would be required to record replenishment of the petty cash fund on December 31, 2004?
In 2005, 509 Brunswick Avenue was sold for $550,000. A reasonable allocation of this amount is considered to be 75% to the building and 25% to the land.
c-mobile wireless needed additional capital to expand so the business incorporated. the charter from the state of
harrison township is studying a 700-acre site for a new landfill. the new site will save 70000 in annual operating
You are trying to determine which of two companies is the most profitable. Which of the following would be the best indicator of relative profitability
sean goes to pinnacle corp. convinces the store manager that he is their loyal online customer ryan and purchases a dvd
from the enron case assume that you are new members of the board of directors for enron. what questions would you ask?
Explain why Food Lion must write down the current carrying value of its unprofitable stores. Explain why the recent $9.5 million charge to write down these impaired assets is considered a noncash expense.
Set up the headings across a piece of paper - indicate the effect of each of the transactions on total assets, liabilities, and owner's equity
Which suppliers of funds bear the greatest risk and should therefore earn the greatest return? bondholders, suppliers, banks, preferred shareholder, or common shareholder?
During 2014, Shipley distributed a dividend in the amount of $120,000 and at year-end reported a $320,000 net income. Any difference between implied and book value relates to subsidiary goodwill. Pioneer Company uses the equity method to record it..
carlos arruza company exchanged equipment used in its manufacturing operations plus 3000 in cash for similar equipment
the carlquist company makes and sells a product called product k. each unit of product k sells for 32 dollars and has a
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