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1. Retro Company's perpetual inventory records indicate that $975,000 of merchandise should be on hand on October 31, 2010. The physical inventory indicates that $894,750 of merchandise is actually on hand. Journalize the adjusting entry for the inventory shrinkage for Retro Company for the year ended October 31, 2010. Assume that the inventory shrinkage is a normal amount.
Prepare an income statement for the month of May 2014
a company has identified the following overhead costs and cost drivers for the coming year budgeted direct labor cost
the following information is for employee wayne young for the week ended march 15.total hours worked 48rate 16 per hour
The Bryan company issued $500000 of 10% face value bond on January1,2010 for$486,000.The bond are due Dec 31,2012, and pay interest semiannually on june 30, and Dec 31.the company use the straight line amortization method.
a machine costs 180000 has a 12000 salvage value is expected to last eight years and will generate an after-tax income
Suppose you lend $1,000 for one year at an interest rate of 5 percent. At the end of the year, a hamburger costs $2.08. What is the real rate of interest you earned on your loan?
barkley corp. obtained a trade name in january 2009 incurring legal costs of 15000. the company amortizes the trade
Marketability Commercial banks use some funds to purchase securities and other funds to make loans. Why are the securities more marketable than loans in the secondary market?
Tom wants to retire at the end of this year (2010). His life expectancy is 20 years from his retirement. Tom has come to you, his CPA, to learn how much he should deposit on December 31, 2010 to be able to withdraw $40,000 at the end of each year ..
the bondstreet company sells medical supplies to hospitals clinics and doctors offices. harris amp carnahan uses an erp
The Securities and Exchange Commission (SEC) regulates public companies. The SEC has found that some of these companies have violated GAAP by using creative accounting practices to mislead investors and creditors regarding the health of their comp..
a major manufacturer decided to put one of its divisions up for sale because managerial accounting information showed
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