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Could you please research and explain if a change from straight line depreciation to double declined balance requires a journal entry? If that is the case, provide the journal entry. Be specific in providing your explanation.
Zoey & Roxy Company began the accounting period with inventory of 3,500 units at USD 25 each. During the period, the company purchased an additional 4,000 units at USD 26 each and sold 3,600 units. Assume the use of periodic inventory procedure, what..
Hytek Company bottles and distributes Livit, a diet soft drink. The beverage is sold for 50 cents per 16-ounce bottle to retailers, who charge customers 75 cents per bottle. For the year 2012, management estimates the following revenues and costs.
Compare and analyze the financial metrics and ratios used to evaluate the balance sheet and income statement information and describe how these metrics are used by business managers, markets and investors, and government regulators.
CEO Josh Borke is considering either (1) a 15% stock dividend or (2) a 2-for-1 stock split. He asks you to show the before-and-after effects of each option on (a) retained earnings and (b) total stockholders' equity.
Suzuki is fully insured for fire losses but must prepare a report for the insurance company.Compute the gross profit rate for November.
Vargas has chosen to accrue the liability for compensated absences at the current rates of pay in effect when the compensated time is earned. What is the amount of the accrued liability for compensated absences that should be reported at December 31..
Compute the current and quick ratios for each of the three companies. (Round calculations to two decimal places.) Which firm is the most liquid? Why?
The inventory item class used to combine several stock items into an assembled item is called the:
prepare a schedule of cost of goodsarmstrong helmet company manufactures a unique model of bicycle helmet.nbsp the
On December 31, 2014, ABC Corporation issued 1,000 shares of restricted stock to its Chief Financial Officer. ABC stock had a fair value (closing market price) of $7 per share on December 31, 2014. The service period related to the restricted stock i..
does economics indicate hat this change will help americans achieve higher living standards?
What is the current yield for bond P?(Do not include the percent sign (%).Enter rounded answer as directed, but do not use the rounded numbers in intermediate calculations.Round your answer to 2 decimal places
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