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1. Tiger Paper Company decided to close two small pulp mills in Conway, New Hampshire, and Corvallis, Oregon. Would these closings be reported in a separate section entitled "Discontinued operations after income from continuing operations"? Discuss.
Write the appropriate audit report, assuming you believe the departure from GAAP is material but not enough to cause you to give an adverse opinion.
A portion of the Financing Activities section of PepsiCo's statement of cash flows for the year ended December 31, 2011, follows (in millions):
During 2014, Olson recorded $80,000 of sales on credit and wrote off $4,000 of uncollectible accounts.. Determine the amount of cash collected during 2014 from sales on credit. Determine the amount of bad debts expense for 2014.
Assume that Chevalier Co. paid the balance due to Paris Company on May 4 instead of April 15. Prepare the journal entry to record this payment.
Houston Company authorized a $1,000,000, 10-year, 6% bond issue dated July 1, 2009, with annual interest to be paid each December 31. On July 1, 2009, the bonds were issued for $886,500. Houston Company has a December 31 year-end.
in return for 1000 mr. hand cancels mr. sandwichs debt of 4000. the cancellation is not a gift and mr. sandwich is
1. if you were to borrow 9300 over five years at 0.11 compounded monthly what would be your monthly payment?2. your
roman products inc. is a wholesaler of mens hair products. the company began operations on january 1 2010. the
a business issued a 30-day 7 note for 36000 to a creditor on account. illustrate the effects on the accounts and
A project is estimated to generate $5,000 in incremental gross profit, which includes $200 in depreciation. Incremental SG&A expense is $400. At a 35% tax rate, what is the after-tax incremental cash flow? Should the project be accepted or rejecte..
abc company had the following account balance after adjusting journal entries 12-31-09 cash 120000 accounts receivable
if canyon realty co paysweekly salaries of 12000 on friday for a five-day work weekending on that day. what is the
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