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Accounting
Within the Discussion Board area, write 300-400 words that respond to the following questions with your thoughts, ideas, and comments. This will be the foundation for future discussions by your classmates. Be substantive and clear, and use examples to reinforce your ideas.
• Closing Entries
o What are the reasons for closing entries?o What accounts are closed?o How are closing entries done?o What is the result of the closing entry?
• Merchandising
o What is the difference between a service and a merchandising business? Provide an example of each.o What are three new types of merchandising accounts?
Accounting-basedperformance evaluation is used regularly to assess the organization's financialhealth and to inform both internal and external stakeholders. Examining costcenters, profit centers, and investment centers is often part of this kin..
Cost Allocation Problem
Prepare journal entries - Replenishment of petty cash fund after $50 used for postage and $25 used fo purchase paper for copier.
Prepare the entries for Todd Company for the purchase of the stock, share of McGuire income and dividends received from McGuire.
Axcel Software began a new development project in 2015. The project reached technological feasibility on June 30, 2016, and was available for release to customers at the beginning of 2017.
during a year southside metals reported income tax expense of 200000. the amount of taxes currently payable remained
Journalize Fidelity's distribution of the stock dividend on May 11. What was the overall effect of the stock dividend on Fidelity's total assets? On total liabilities? On total stockholders' equity?
What is the current ratio for the current year?
tom just received his bank statement and wanted to make sure that the balance in his check book was correct. tom
What amount can Jackson claim as a tax deduction for salary and wage expense? How much can Jackson deduct as tax expense?
1. You are the CEO of a leading manufacturing company. You want to encourage greater upward communication in the organization. What are some ways in which you will be able to accomplish this? Discuss in scholarly detail!!
How many units must be sold to break even if variable selling costs are $2 per unit, variable production costs are $31 per unit, and total fixed costs are $1,799,946?
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