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At the end of the current year, $41,980 of fees have been earned but have not been billed to clients.a. What is the adjustment to record the accrued fees? Indicate each account affected, whether the account is increased or decreased, and the amount of the increase or decrease.b. If the cash basis rather than the accrual basis had been used, would an adjustment have been necessary? Explain.
The bonds were quoted at 94 and pay interest quarterly on September 30th and December 31st. What were the total proceeds of the bond issue at the time of sale:
which of the following is reported as an operating activity in the statement of cash flows? the payment of
The sale, including the cost of the merchandise sold - the credit memorandum, including the cost of the returned merchandise,
Show how any deferred tax amounts should be classified and reported on the 2006 balance sheet. The tax rate is 40%.
a new truck was ordered for the sanitation department at a cost of 122200 on september 3 2011.requiredprepare the
the comparative income statement in thousands of dollars for the fiscal years 2008 and 2007 was adapted from the annual
rice hepburn and dimacro formed a partnership with rice contributing 60000 hepburn contributing 50000 and dimacro
What is each partner's outside basis and how much gain (loss) must the partners recognize in 20X9 when Picture Perfect was formed?
The company can identify separately the cost of the product and services and has determined that fair value of the products and services is the selling price (VSOE). Under both US GAAP and IFRS, which of the following statements would be correct r..
the balance sheet for crutcher corporation reported 247000 shares outstanding 300000 shares authorized and 20000 shares
kohlman company began its operations on march 31 of the current year. projected manufacturing costs for the first three
cash9000investments short-term4000accounts receivable13000inventory22000notes receivable
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