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On January 15, the end of the first biweekly pay period of the year, North Company’s payroll register showed that its employees earned $28,000 of sales salaries. Withholdings from the employees’ salaries include FICA Social Security taxes at the rate of 6.2%, FICA Medicare taxes at the rate of 1.45%, $3,800 of federal income taxes, $678 of medical insurance deductions, and $190 of union dues. No employee earned more than $7,000 in this first period.
Prepare the journal entry to record North Company’s January 15 (employee) payroll expenses and liabilities.
decision based on sell or process further of a product.missou mining company mines an iron ore called alpha. during the
A corporation, which had 33,400 shares of common stock outstanding, declared a 5-for-1 stock split. What will be the number of shares outstanding after the split? How many shares? = If the common stock had a market price of $205 per share before the ..
. tentative lease terms for payments of $500,00 at the end of each year. the salvage value for the computer is $300,000. What are the NAL and the IRR of the lease? Interprete each value
question1.hadicke company purchased a delivery truck for 44000 on 1st january 2012. the truck was assigned an evaluated
Evaluate the amount & character of Robby's deductions for this vacation home considering the cost allocation method that the IRS prefers is used.
XYZ Partnership consists of 10 general partners. As a general rule, what is the minimum number of these partners that would have to agree on how ordinary business functions will be conducted?
How does the financial planning and strategic planning of the new for-profit status align with the financial and strategic plans of the existing community hospital status?
On Jan 1, 2010, Morgan Company acquires 300,000 of Nicklaus, Inc, 9% bonds at 278,384. the interest is payable each December 31, and the bonds mature Dec 31, 2012. the investment will provide Morgan Company a 12% yield. The bonds are classified as..
CSI Inc. had pre-tax accounting income of $1,800,000 and a tax rate of 35% in 2015, its first year of operations.
Prepare a statement of cash flows, using the indirect method of presenting cash flows from operating activities. If needed, use the minus sign to indicate cash outflows, negative amounts or a decrease in cash.
(Learning Objective 3: Analyze and report an investment in an affiliate) Suppose on February 1, 2012, Western Motors paid $380 million for a 35% investment in Phase Motors. Assume Phase earned net income of $40 million and paid cash dividends of $20 ..
se machinery pty ltd sem is a private resident australian company incorporated in 1981. the company develops and
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