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Question - On May 31, 2016, Alpha Company's note receivable from Bravo Company was dishonored due to the extreme decline in economic conditions. The note was a one-year, $12,000 note, issued on January 1, 2016, bearing 10%. Use this information to prepare for the Alpha Company the General Journal entries (without explanation) for May 31, 2016. If no entry is required then write "No Entry Required."
anna and melanie organize their new entity as an llc on may 16th of the year 1. what is the default tax classification
on july 23 of the current year dakota mining co. pays 5719680 for land estimated to contain 7944000 tons of recoverable
at december 31 2011 craig corporation reported these plant assets. land 4000000 buildings 28800000 less accumulated
Garcia Company began 2010 with net assets of $80,000. Net income calculated by using the capital maintenance concept was $21,000. During 2010 owners contributed $26,000 of new capital. By year-end, the net assets totaled $78,000. Dividends to the own..
Determine the inventory as of December 31, 2011, by the lower-of-cost-or-market method, applying this method directly to each item.
Construct the rate diagram for this CTMC. Make sure to clearly define your states.
Wriston Company has $300,000 to invest. The company is trying to decide between two alternative uses of the funds. Calculate net present value for each project
Use the data given to calculate annual returns for Goodman, Landry, and the Market Index, and then calculate average annual returns for the two stocks and the index.
pet foods plus purchased bagged dog food at an invoice price of 6000 and terms of 210 n30. half of the bags had been
The Abbott Corporation sells merchandise on the installment basis, and the uncertainties of cash collection make the use of the installment sales method of accounting acceptable. The following data relate to two years of operations.
Focus of aggregate planning from both a capacity and demand management perspective relative to the impact of revenue management changes.
on january 1 2012 sammy corp. granted an employee an option to purchase 9000 shares of sammys 5 par value common stock
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