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Before making its year-end adjustments, the net income for Barton Company was $98,000. Adjusting entries are necessary for the following items:
1. Salaries owed to employees at year-end but still unpaid amount to $4,000
2. Interest accrued to December 31 on deposits in the bank totaled $7,000
3. Revenues earned in December that were collected in advance totaled $2,800.Calculate Barton Company's net income for the year after the necessary adjustments are made
You have been hired as the manager of a portfolio of ten sport asssets that are held in equal dollar amount. the current beta of the portfolio is 1.9 and the beta of asset A is 2.1. if the asset A is sold and the proceeds are used to purchase a re..
northern manufacturing company found that during the last year it took an average of 43 days to pay its suppliers while
bohemian links inc. produces sausages in three production departments-mixing casing and curing and packaging. in the
brandywine homecare is a not for profit business. they had revenue of 12 million in 2007. expenses other than
Pauk Corporation has provided the following data from its most recent income statement: The times interest earned ratio is closest to:
The substitutability of a particular good/service can play havoc on a company's sales. This is formally defined as elasticity of a good/service. The elasticity/substitutability changes for 4 reasons. The 4 reasons are stated below, briefly describ..
Determine the amount of total dividends and dividends per share for preferred stockholders and common stockholders.
Camden Metal Co. makes a single product that sells for $84,000 per unit. Variable costs are $54.00 per unit, and fixed costs total $120,000 per month.
converting book income to taxable income. the following income and expense accounts appeared in the accounting records
travis fortney and architect opened an office on april 1 2010. during the month he completed the following transactions
Calculate the distribution of partnership net income (loss) for each independent situation below (for each situation, assume the average capital balance of P is $140,000 and of Q is $240,000).
micro technology is considering two alternative proposals for modernizing its production facilities. to provide a basis
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