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Skyline Inc purchased a portfolio of available for sale securities during 2013. The cost of the securities was $14,500. At December 31,2013 the fair value of the securities was $17,700.
Prepare the December 31, 2013 journal entry to record the adjustment of available for sale securities to fair value.
1. journalize the entries to record the following selected bond investment transactions for southwest bank1. purchased
Each student is required to conduct and document a "Critical Analysis" of three of the topics covered in Introduction to Management (ITM).
assume for this part onlythat none of the 800 insurance expense had expired during theyear. instead assume it is a
Ron's Hot Rod Shop follows the revenue recognition principle. Ron services a car on July 31. The customer picks up the vehicle on August 1 and mails the payment to Ron on August 5. Ron receives the check in the mail on August 6. When should Ron sh..
axe co. has two operating departments supported by a number of service departments. the following information was
william sold section 1245 property for 25000 in 2011. the property cost 35000 when it was purchased 5 years ago. the
During the period, labor costs incurred on account amounted to $250,000 including $200,000 for production orders and $50,000 for general factory use. In addition, factory overhead applied to production was $23,000. From the following, select the e..
Chevelle Inc has sales of $43,000, costs of $25,100, depreciation expense of $1,500, and interest expense of $1,500. If the tax rate is 35%, what is the operating cash flow, or OCF? F?
What is the computer equipments book value on May 31 - Post the purchase of May 1 and the depreciation on May 31 to T-accounts
Recovery of working capital will be $10,000 at the end of its useful life. Annual cash savings from the purchase of the machine will be $20,000.
How much are total manufacturing costs for the period?
Examine the legal liability an accounting professional has, including how a CPA is protected. Differentiate between fraud and negligence.
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