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logistics company had the following items listed in its trail balance at 12/31/09: Balance in checking account, Bank of the East $442,000 Treasury Bills, purchased on 11/1/09, mature on 1/30/10 $20,000 Loan payable, long-term, Bank of the East $300,000 Included in the checking account balance is $50,000 of restricted cash that Bank of the East requires as a compensating balance for the $300,000 note. What amount will Logistics include in its year-end balance sheet as cash and cash equivalents?
Prepare a memo (750-1,000) to your CFO showing the outcome of such a change on current taxes and outlining the needs for making this change.
By how many days would the cash conversion cycle be changed? - Cash conversion cycle
Assuming that Mark's adjusted gross income was $60,000, how much of a medical-expense deduction may Mark claim on his return?
What principles of accounting for intangibles would cause Hilton to record brands as assets while Marriott does not? How will these differences in accounting for brands generally affect the net income and return on assets of these two competitors..
Based on Crow Manufacturing's data in Exercise 24-20, assume that a transfer price of $110 has been established and that 40,000 units of materials are transferred, with no reduction in the Materials Division's current sales. How much would the Cr..
Based on the supervisor's instructions, quantities on the move tickets were not compared with those on the receiving report. Classify each of five situations as a fraudulent act, an indicator of fraud, or an event unrelated to the investigation. Ju..
What potential or actual abuse was Congress attempting to curtail? Has Congress been successful in light of the fact that any suspended losses are ultimately allowed to be recognized upon the disposition of a passive activity?
Shannon has a long-term capital loss of $7,000 on the sale of bonds in 2011. His taxable income without this transaction is $48,000. What is his taxable income considering this capital loss?
Assume a tax rate of 30 percent. what amount should Garfun report as the consolidated diluted earnings per share?
What is Rustys adjust gross income
Calculate MAD as well as MSE
How should the balances of progress Billings and Construction in Progress be shown at reporting dates prior to the completion of a long-term contract?
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