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Prepaid subscriptions sold in Dec 2014, 25000 subscriptions @ $85. Subscribers will receive monthly issues begin in Jan 2015. Business has taxable income of $840,000 for 1st calendar quarter of 2015, federal taxes are 40%. Quarterly tax payment will be made on April 12, 2015. What is the amount of the advances on subscriptions that would be listed on the current liabilities section of the balance sheet for Mar 31, 2015?
How much is the contribution margin ratio - Keith Company produces flashv drives for computers, which it sells for $20 each.
Second Church is going to operate a gift and book shop that will include only religious articles in its inventory. The shop will be staffed by employees who are not church members.
for the year ending december 31 2010 nathan clinical supplies co. mistakenly omitted adjusting entries for 1 8900 of
one company purchases all of the outstanding shares of another company. the acquiring company incurs the following
rebound inc. reports under ifrs. in 2013 rebound recognized an impairment of 200000 due to a troubled debt
Discuss and consider tax rates, distributions, operating losses and A and B shareholder loans under each alternative and Discuss and analyze the cases of Moline Properties and Roubik (set forth in Bittker , Chapter 1.05(1)(b) and Chapter 1, foot..
xyz companys market for the model 55 has changed significantly and yxz has had to drop the price per unit from 275 to
behavioral aspects of budgetingltbr gt ltbr gtnorton company a manufacturer of infant furniture and carriages is in the
Prepare the entry to record bad debts expense for the period. Determine the ending balances in Accounts Receivable and Allowance for Doubtful Accounts. What is the net realizable value of the receivables at the end of the period?
Required: prepare the consignment account in the books of consigner.
the president of eastvaco is considering recommending to the board of directors expanding into the asian market. he
american-based companies are required to adhere to u.s. gaap generally accepted accounting principles however as
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