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During its second and third quarters of fiscal 2014, BlackBerry Limited wrote down its BB10 smart phone inventory by approximately $ 1,700,000,000 because its cost exceeded its market value. Show the effects of this adjustment on the accounting equation and show the journal entry that the company would have made to record it.
lockwood company currently sells its deadbolt locks for 30 each. the locks have a variable cost of 10 and the companys
compare the primary auditor objectives in auditing historical financial statements to auditing internal controls over
kissack corporation produces large commercial doors for warehouses and other facilities. in the most recent month the
Identify the balance sheet accounts that Phil will likely need to record the transactions needed to open his business (a corporation). Indicate whether the normal balance of each account is a debit or credit.
on july 1 the first day of its fiscal year the city of morgan sold bonds with a face value of 10000000 at 102 percent
Hillview Garden Care Inc. is a lawn and garden care service. The company originally specialized in serving small residential clients but has recently started contracting for work on large apartment and office building grounds. Since Phyllis Flo..
glaus leasing company agrees to lease machinery to jensen corporation on january 1 2012. the following information
kalox inc. manufactures an antacid product that passes through two departments. data for may for the first department
the surfs up issues 1000 shares of 6 100 par value preferred stock at the beginning of 2011. all remaining shares are
the following data has been taken from air-tite company in its first year of business. units produced 100000 units
reebok co. manufactures running shoes. the selling price is 80 per pairunit and variable costs are 60 per pairunit. the
Assume you have the power to make reforms to the way tax research and planning is currently conducted. Propose the reforms you would make. Justify your response.
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