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1. On December 28, 2011, Videotech Corporation (VTC) purchased 10 units of a new satellite up link system from Tristar Communications for $25,000 each. The terms of each sale were 1/10, n/30. VTC uses the gross method to account for purchase discounts and a perpetual inventory system. VTC paid the net-of-discount amount on January 6, 2012. Prepare the journal entries on December 28 and January 6 to record the purchase and payment.
if an equity investment is classified as held for trading andit is being accounted for using the cost method is the
the individual portion of thisassignment is for each person to produce hisher own solution tothe following. claires
simpson auto body repair purchased 20000 of machinery. the company paid 8000 in cash at the time of the purchase and
Peter owns an auto dealership. Peter hires Cara as a receptionist, Ben as a salesperson, Stacy as a mechanic, and the "Clean as a Whistle Co." to come in at night and clean the premises. Which situation is LEAST likely to result in liability for ..
In a business context, this means that if you have followed the scientific method, another accountant should be able to replicate your investigation and reach the same result.
Compare and contrast compensation plans, such as restricted stock and stock appreciation rights, indicating the key differences with the accounting treatment. Determine the option that would have the least impact on a company's earnings. Recommend..
the following income statement items appeared on the adjusted trial balance of schembri manufacturing corporation for
atampts financial statements for the 2010 and 2009 fiscal years contained the following information balance sheets 2010
The Bailey Corporation issued 5 year, 11% bonds with a face value of $300,000 on April 1 for $288,000. Interest is paid semiannually at October 1 and April 1.
slagle corporation is a large manufacturing organization. over the past several years it has obtained an important
hachey company has accounts receivable of 95100 at march 31 2007. an analysis of the accounts shows these
canberra company uses a job order cost accounting system. during the current month the factory payroll of 180000 was
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