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Greener Pastures Corporation borrowed $ 1,000,000 on November 1, 2015. The note carried a 9 percent interest rate with the principal and interest payable on June 1, 2016. Show the accounting equation effects and prepare the journal entries for
(a) The note issued on November 1 and
(b) The interest accrual on December 31.
1.a large profitable corporation is considering adding some automated equipment costing 120000. the equipment will
if the purpose of the income statement is to report the results of operating activities why is there a section on the
If the price per unit differs from the standard price per unit for direct materials, the variance is:
the management of rathburn corporation would like to investigate the possibility of basing its predetermined overhead
the following table presents generic motors companys production budget. gms inventory policy is to have ending
You can bullet point your procedure for count and value-answer does not have to be a very long answer but well thought out.
Calculate the present value for this annuity if interest is compounded semi-annually.
On January 1, 2003, Marina Clothing Company had Accounts Receivable of $54,200 and Allowance for Doubtful Accounts of $4,700. Marina Clothing Company prepares financial statements annually. During the year the following selected transactions occur..
dawson toys ltd. produces a toy called the maze. the company has recently established a standard cost system to help
montana matts golf inc was formed on july 1 2009 when matt magilke purchased the old master golf comany. old mast
on january 1 2001 dc company purchased equipment at a cost of 105000. the equipment was estimated to have a useful life
Companies can determine the effect of ending inventory errors on the balance sheet by using the basic accounting equation: Assets = Liabilities + Owner's Equity. How would the over or understatement of inventory impact assets, liability and owner'..
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