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Pre-tax income, $12,000; total operating expense (not including income tax) $20,000; sales revenue $120,000; Beginning balance $8,000; and purchases $90,000; compute the amount of the ending inventory?
a company is deciding whether or not to replace some old equipment with new equipment. which of the following is not
benet company has budgeted the following unit
at december 31 20x8 before adjusting entries were made the salary expense account of a company showed a balance of
a summary of jarvis companys december 31 2013 accounts receivable aging schedule is presented below along with the
Based on the information given above, what amount of cost of goods sold did ABC record in 2008?
depreciation for partial periodslightning delivery company purchased a new delivery truck for 45000 on april 1 2013.
a. Use the purchases journal and the cash disbursements journal to record these transactions. b. Prepare a schedule of accounts payable. There were no accounts payable on May 1.
a company issued 5-year 8 bonds with a par value of 200000. the market rate when the bonds were issued was 7.5. the
Discuss the allowance method and the direct write-off method of accounting for bad debts. When is the expense for uncollected accounts receivable recognized under each method? Respond to at least two of your classmates' postings.
toggles fishing fleet had 20000 shares of 5 20 par value preferred stock and 15000 shares of 25 par value common stock
corin corporation is considering the purchase of a machine that would cost 420000 and would last for 8 years. at the
Mr. Green seeks your advice as to the tax consequences attached to each offer. Assume that he will no other sale of business assets or capital assets during the year. What is your advice?
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