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Question
WTX found that the 2016 ending inventory was $3,680,000 but was erroneously recorded as $3,860,000. Prepare the 2017 journal entry to record the correction of this error. Use Deferred Tax Liability account for the tax effect and 40% tax rate. If no entry is needed, write "no journal entry."
What is the future value of $1,710 in 13 years assuming an interest rate of 7.5 percent compounded semiannually?
Calculate the price value of a basis point and the yield value of a price change for a 30-year US Treasury bond with a coupon of 5%, a maturity date of 8/15/2042, a settlement date of 10/29/2012, and a price of 101:24.
A car rental agency which leases cars to another firm buy car for $9,000 and sells them for $6,000 two years later. What are the monthly rates each year?
Consider the following reaction equilibrium reaction assumed.
What is the yield to maturity? What is the yield to call if they are called at first opportunity?
Larry is the sole proprietor of a tramplonie shop.what are the amount and nature of recognized gain/loss?
What is the value of the annuity today? what is the value of this annuity six years and four years from now?
You are working on a business plan for a private tuition company. Do you need to consider start-up costs as part of the plan?
What were the responsibilities of the accountants of Arthur Anderson? To whom did they owe these responsibilities?
Pacific Fixtures lists the following accounts as part of its balance sheet.- Compute the return on stockholder's equity if the company has sales of $20 millions and the given net profit margin.
Should Stavros move to Germany? If the cost of living were higher in Germany than Greece, how would this change your answer?
Maggie’s Skunk Removal Corp.’s 2015 income statement listed net sales of $13.7 million, gross profit of $8.20 million, EBIT of $6.8 million, net income available to common stockholders of $4.4 million, and common stock dividends of $2.4 million. Calc..
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