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1. Arness Woodcrafters sells $250,000 of receivables to Commercial Factors, Inc. on a with recourse basis. Commercial assesses a finance charge of 5% and retains an amount equal to 4% of accounts receivable. Arness estimates the fair value of the recourse obligation to be $8,000. Prepare the journal entry for Arness to record the sale.
Assume Piedmont Corporation purchased a 30% interest in Savage Company for $201,000 on January 1, 2014. Assuming this investment gives Piedmont the ability to exercise significant influence over Savage, prepare all necessary journal entries to rec..
variances for direct materials and direct labor banner company manufactures flags of various countries. each flag has a
the assembly department of united products employs workers to assemble units of product xsd. they are paid three
Foreign Travel Services has net income of $48.400. total assets of $219,000. total equity of $154800, and total sales of $311,700. What is the common-size percentage for the net income? Healthy Foods has total assets of $129,800, net fixed assets of ..
heidebrecht design acquired 30 of the outstanding common stock of quayle company on january 1 2014 by paying 729000 for
Indicate whether each procedure represents a strength or weakness. Explain your reasons. For each weakness, describe a change in procedures that would address the weakness.
Northern Company's actual manufacturing overhead is $2,500,000. Overhead is allocated on the basis of direct labor hours. The direct labor hours were 25,000 for the period. What is the manufacturing overhead rate?
If there was no government intervention in this market and no one held property rights to the river, how much pollution would be emitted into the river. What would be the total benefit to the firms? What would be the total cost to the town? Is thi..
Determine the net present value of the investment in the service center. Should Munster invest in the service center and calculate the internal rate of return of the investment to the nearest A?
on january 1 2013 abc company purchased a truck for 75000. the truck was estimated to last five years with a salvage
Ala. Code §12-15-34(d) lists 6 factors in assessing transferability of a juvenile case to an adult case. Which of the following is not a factor?
if kasper produces a single product and sells it at 200 per unit. he variable cost of the product is 120 per unit an
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