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'On October 1, 2012. a company issued a 5 month note receivable to morearms inc at an annual interest rate of 16%. principle and interest will be paid at the end of the 5 months. the note was recorded in notes receivable and is the only note outstanding.'
What would be the adjusting entry for that? The note recevable was a debit for 5000 in the unadjusted trial balance.
The company had 110,000 shares of stock outstanding which sold at a price of $56 per share. By how much did the firm's market value and book value per share differ?
If Agnes should die before making the gift, her will stipulates that Stan will receive the stock. Identify the relevant tax issues that Agnes should consider in making her decision.
income statement itemsgain on sale of marketablesecurities.........................42000loss on sales of
What is an agency relationship, and what are agency costs? How do these concepts apply to your investment in the oil and gas partnership?
On January 1, 2010, Palmiero incurred organization costs of $275,000. What amount of organization expense should be reported in 2010?
give four examples of overhead expenses which may be common infactory overheads as well as in administrative overheads
based on the following information what would be the total on the credit side of a post- closing trial balance assuming
Dividends declared and paid during Feb were $12,000. Calculate the retained earnings balance at Feb. 28. 2010.
Discuss which approach to substantive testing you believe to be the most effective and indicate why. Create a way other than using confirmations for an auditing team to substantiate account balances and how the firm should go about implementing th..
michaels company segments its income statement into its east and west divisions. the companys overall sales
What are some nonfinancial performance measures? What do they tell us about the performance of an organization? Why is it important for managers to include nonfinancial performance standards in their analysis of their operations?
The managers will e-mail their weekly reports to you on Monday of the following week. You will then produce the summary report. Explain the process for doing this. Give a sample formula to total the number of mini-gizmos produced by the entire..
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