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The balance in Happ, Inc.'s general ledger Cash account was $12,430 at September 30, before reconciliation. The September 30 balance shown in the bank statement was $11,130. Reconciling items included deposits in transit, $1,200; bank service charges, $70; NSF check written by a customer and returned with the bank statement, $450; outstanding checks, $380; and interest credited to the account during September but not recorded on the company's books, $30.Required:Prepare a bank reconciliation as of September 30 for Happ, Inc.
AZ sells its utensils wholesale for $0.85 each; the average cost per unit is $0.83, of which $0.12 is fixed costs. If AZ were to accept BV's offer, what would be the increase in AZ's operating profits?
1. what is the difference between a merger and a consolidation?2. why might the portfolio effect of a merger provide a
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Compare and contrast the Fair-Value Method (FAS 115) covered in your Intermediate Accounting courses (touched on in our textbook) and Equity Method. When should you use each method and why? What are some of the limitations of the Equity Method? (T..
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amber the sole property transferor must acquire at least 80 of the stock issued by the new corporation in order for the
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Discuss the difference between substantive test of transactions and substantive test of balances
benson co. is considering disposing of a machine with a book value of 12500 and estimated remaining life of five years.
We have looked at liabilities and equity in previous weeks and we are discussing leasing this week. How does the discussion of these items relate to our capital structure? What are the components of the capital structure? What are the differences of ..
Prepare Addams's November 1 entry, December 31 annual adjusting entry, and May 1 entry for the collection of the note and interest.
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