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An organization dedicated to reducing spam tries to get Internet service providers(ISP) in an East Asian country to stop the spammers by protecting their mail servers. When this effort is unsuccessful, the anti-spam organization puts the address of these ISPs on its black list.Many ISPs in the USA consult the black list and refuse to accept email from the blacklisted ISPs. This action has two results. First, the amount of spam received by the typical email user in the USA drops 25%.Second,tens of thousands of innocent computer users in the East Asian country are unable to send email to friends and business in USA.
Assuming Hydra uses the perpetual inventory system and the net method of accounting for purchase discounts, what amount is recorded as inventory from this purchase?
Stock # of Shares Date Purchased Date Sold Per Share Cost Per Share Selling Price Total Dividends
The first payment was made on December 31, 2001. The normal sales price of the equipment is $220,000, and cost is $176,000. For the year ended December 31, 2002, what amount of income should Slice report from the lease transaction?
on july 1 2011 atwater corporation issued 2000000 face value 10 10-year bonds at 2271813.this price resulted in an
Emily, one hundred (100) shares of stock and Frank, four hundred (400) shares of stock. Wren Corporation redeems one hundred fifty (150) of Frank's shares of stock (Adjusted Basis of $60,000) for $150,000. As a result of this transaction, which of..
the current liability section of the balance sheet lists the liabilities that are due within the next 12 months.
What is the net worth of the company. Did the net Worth Increase, decrease or remain the samecampared to FY 19X1? Why?
From the following information, compute the ratios indicated. Assume the average for the year is the same as the ending balances for the balance sheet accounts.
the sarbanes-oxley act requires that all publicly traded companies maintain a system of internal controls. internal
In 2009, Magic Table Inc. decides to add a 36-month warranty on its new product sales. Warranty costs are tax deductible when claims are settled. In its financial statements for 2009, Magic Table Inc incurs:
Under the expenses warranty treatment give the entries to reflect the above transactions (accrual method) for 2008 and 2009.
On December 1, 2002, Blake Inc. signed an operating lease for a warehouse for 10 years at $24,000 per year. Upon execution of the lease, Blake paid $48,000 covering rent for the first two years. How much should be shown in Blake's income statement..
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