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1.On December 12, 2013, an investment costing $80,000 was sold for $100,000. The total of the sale proceeds was credited to the investment account.Required:1. Prepare the journal entry to correct the error assuming it is discovered before the books are adjusted or closed in 2013. (Ignore income taxes.)2. Prepare the journal entry to correct the error assuming it is not discovered until early 2014. (Ignore income taxes.)
Determine the cost recovery deduction for 2012 for these assets.
Prepare all journal entries appropriate to be recorded only during the month of December, 2011 relevant to gift card sales, gift card redemptions, and gift card breakage.
the ceo of star coffee is interested in reviewing the may 2014 performance report for cost center 7-11. prepare a brief
Which of the following statements regarding fixed costs is incorrect?
Conversion costs related to the beginning work-in-process inventory amounted to $231,000, and amounts incurred during the current month totaled $900,000. If conversion is incurred uniformly throughout manufacturing, Flagston's equivalent-unit cost..
However Capital=Assets minus liabilities
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Costs of operating the plan were $ 175,000; of this amount $ 150,000 was paid in cash and the remainder was accrued. The accrued expenses at the beginning of the year were also paid. These expenses were administrative in nature.
calgon products a distributor of organic beverages needs a cash budget for september. the following information is
profitability ratios elizabeth tailors inc. has assets of 8000000 and turns over its assets 2.5 times per year. return
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