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Question: The following is a summary of the Cash Book of Benworth Social Club for the year to 31st December, 1962:
You are required to prepare:
(a) A Trading Account for the Restaurant and Bar for 1962.
(b) An Income and Expenditure Account for the year 1962.
(c) A Balance Sheet on 31st December, 1962.
Note: Ignore depreciation.
Fielder Company obtained land by issuing 2,000 shares of its $10 par value common stock. The land was recently appraised at $85,000.
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gabel industries has collected the following data in order to analyze the behavior of their costs jan 8750 units 40500
jackson company recorded the following cash transactions for the year paid 135000 for salaries. paid 60000 to rent and
One-Hour Dryclean, Inc., is contemplating replacing an obsolete dry-cleaning machine with one of two innovative pieces of equipment. Alternative 1 requires a current investment outlay of $25,373, whereas alternative 2 requires an outlay of $24,199..
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Falcon Co. produces a single product. Its normal selling price is 30.00 per unit. The variable cost are 19.00 per unit. Fixed costs are 25,000 for a normal production run of 5,000 units per month.
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