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For the years ending June 30, 2004 and 2003, Microsoft Corporation reported short-term unearned revenue of $6,514 million and $7,225 million, respectively. For the year ending June 30, 2004, Microsoft also reported total revenues of $36,835 million. (a) What adjustment for unearned revenue did Microsoft make at June 30, 2004? Indicate each account affected, whether the account is increased or decreased, and the amount of the increase or decrease. (b) What percentage of total revenues was the adjustment for unearned revenue?
Calculate the balance of each account as of March 31st, prepare a trial balance at March 31st and record the adjustments in the journal
Probability of Audit - What judicial concept might the IRS invoke to question this transaction
Tidwell Corporation is considering the purchase of a machine costing $18,000. Tidwell estimates that this machine will save $5,000 per year in cash operating expenses for the next five years. If the machine has no salvage value at the end of five yea..
Bakos Corporation bases its predetermined overhead rate on variable manufacturing overhead cost of $8.80 per machine-hour and fixed manufacturing overhead cost of $100,688 per period. If the denominator level of activity is 2,800 machine-hours, what ..
Why do the LIFO and average cost inventory cost flow assumptions result in different inventory numbers for the perpetual and periodic inventory methods?
Show entries to record the selected transactions described Issued $3,250,000 of 10-year, 8% bonds at 97.
ds inc sells widgets for 32.00 per unit. the variable cost per unit is 25.00. if the total fixed cost are 335000
When treasury stock is accounted for by the cost method is subsequently sold for more than its purchase price, the excess of the cash proceeds over the carrying value of the treasury stock
Calculate the break-even point for each firm in terms of revenue and effects of operating leverage High Tech.
Related to this note receivable, what amount of interest income would Siebens report on its 2015 income statement?(Round your final answer to the nearest whole dollar amount.
Brandt Corporation had sales revenue of $500,000 for the current year.
Economical house painting company painted for houses in June at $500 each at the end of June 3 homeowners had paid economical cash for the jobs under the accrual basis what amounts will be reported on the income statement and the statement of cash fl..
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