Solution-What amount should be accrued for audit fees

What amount should be accrued for audit fees

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Question - Karen, Inc. received an invoice from it attorney (XYZ, LLP) on January 22, 2019 for $15,000. XYZ rendered 75% of the services being invoiced during December 2018; the remaining 25% were rendered in January 2019. What amount should be accrued for legal fees at 12/31/18?

A Company received an invoice from an IT consultant dated 12/29/18 for $250 for work that will be done during the first week of January 2019. What amount should ne accrued for IT Consulting at 12/31/18?

ABC Company accrues audit fees in the year being audited. The fee for ABC's audit for the year ended 12/31/18 is a total $20,000. ABC has been billed for and paid $7,000 in December 2018 to its auditors. What amount should be accrued for audit fees at 12/31/18?

Reference no: EM132595238

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What amount should be accrued for audit fees

Reference no: EM132595238

Reference no: EM132595238

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