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Alpine West, Inc., operates a downhill ski area near Lake Tahoe, California. An all-day, adult ticket can be purchased for $55. Adult customers also can purchase a season pass that entitles the pass holder to ski any day during the season, which typically runs from December 1 through April 30. The season pass is nontransferable, and the $450 price is non refundable. Alpine expects its season pass holders to use their passes equally throughout the season. The company's fiscal year ends on December 31. On November 6, 2013, Jake Lawson purchased a season ticket. Required: 1.When should Alpine West recognize revenue from the sale of its season passes? Equally throughout the season Full amount before the season Full amount after the season 2.Prepare the appropriate journal entries that Alpine would record on November 6 and December 31. (If no entry is required for a particular transaction, select "No journal entry required" in the first account field. Use months, rather than days, to calculate the earned and unearned revenue amounts.)
select a publicly held company to use as the basis for this assignment. research your selected company and acquire the
Global, Inc., owns a delivery truck which initially cost $30,000. After depreciation of $15,000 had been deducted, the truck was traded-in on a new truck that cost $60,000. Global was required to pay the car dealer $20,000 in cash. What is Global'..
london purchased a piece of real estate last year for 85400. the real estate is now worth 104300. if london needs to
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1. ferris wares is a division of a major corporation. the following data are for the latest year of
there is no such thing as a fixed cost. all costs can be unfixed given sufficient time. do you agree? what is the
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The accounting firm of T, W & S was engaged to perform an audit of Progate Manufacturing Company. During the course of the audit, T, W & S discovered that the company had overvalued its inventory by carrying the inventory on its books at the p..
breyer company purchased packaing equipmenton january 3 2010 for 101250. the equipment was expected to have a useful
On july 2 2011 scott purchased a residential commercial building. The cost basis assigned to the building is $600,000. scott also owns a residential apartment building he purchased on June 15 2010 with a cost basis of $400,000.
1) What are the maturities on Intel's Long-term debt 2) What are Intel's projected obligations on Long-Term Debt and Payments due by period 3) What is the par or stated value of Intel's preference shares 4) What is the par or stated value of Intel's ..
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