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Last year bell-bottom jeans were fashionable and this year boot cut jeans are in style. A retail company's inventory has 375 bell-bottom jeans that cost $17.00 each and could be replaced for $15.00. The inventory also includes 1,000 boot cut jeans that cost $16.00 each and could be replaced for $19.00. Prepare the journal entry that would be used to make the adjustment, and show the effects of the adjustment on the accounting equation. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.)
During September 50,000 units were started; 5,000 of these were still in process at the end of September and were 3/5 finished. The equivalent units for the conversion costs in September were:
internal controls are required to safeguard assets and to ensure ethical business practices.1 identify and explain the
Based on an analysis of cost behavior patterns, it has been determined that the company's contribution margin ratio is 15 percent.
However, it is also projected for Project B that in years three and four there will be an additional capital outlay of $100,000 for each year. Compute the NPV, IRR, Payback for both projects and select the best project. Show your work.
Prepare the journal entries to record the income tax expense, deferred income taxes, and the income taxes payable for 2012, 2013, and 2014. No deferred income taxes existed at the beginning of 2012.
a department store has budgeted sales of 12000 mens suits in september. management wants to have 6000 suits in
the most important characteristics in determining the expected return of a well-diversified portfolio is the
explain why proponents of lifo argue that it provides a better match of revenue and expenses. in what situation would
deng company issued 566000 of 5-year 8 bonds at 97 on january 1 2011. the bonds pay interest twice a year. 1.prepare
1. calculate the current ratio for ye 2109 and ye 13110.2. what were the diluted earnings per share for ye 2308?3. what
the following data relate to direct materials costs for november actual costs 4624 pounds at 5.20 standard costs 4474
What are reversing entries? Why would an accountant need to make a reversing entry? What are the pros and cons of using reversing entries?
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