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Question - On June 1, X Inc issued an $84,000 5% 120 day note payable to Smith Company. Assume that the fiscal year of Smith ends June 30. Using a 360 day year. What is the amount of interest revenue recognized by Smith in the following year?
a. $1600
b. $4200
c. $1,062
d. $700
What is the entry to journalize the closing entry year end - Service revenue $750 and Rent revenue $175.
the basic introductory kit includes undyeduncut reeds with dye included for weaving one basket. the basic package costs
If there was no government intervention in this market and no one held property rights to the river, how much pollution would be emitted into the river. What would be the total benefit to the firms? What would be the total cost to the town? Is thi..
Costs $290,000 and offers seven annual net cash inflows of $57,000. What is the maximum acceptable price to pay for each project
condensed balance sheet and income statement data for jernigan corporation are presented here.jernigan corporation
Amanda would like to organize BAL as either an LLC (taxed as a sole proprietorship) or a C corporation. In either form, the entity is expected to generate.
classify the following costs as either product inventoriable costs or period non inventoriable costs in a manufacturing
a broad principle that requires identifying the activities of a business with specific time periods such as months
GASB considers budgetary accounting and reporting to be important. List the principles outlined by GASB related to budgetary accounting and reporting.
mack hi im mack. my best friend peter charles aka pc and i have been best friends for 10 years. both of us have an
Compute the company's total required production in units of finished product for the entire three month period ending September 30. (Do not round intermediate calculations. Round your final answer to the nearest unit.)
Write a 350-word response regarding the differences between the direct and indirect presentation of cash flows. Why does the Financial Accounting Standards Board allow both methods? Which do you prefer? Why?
What are the internal and external factors that influence strategy formulation within an MNC
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