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What is the proper adjusting entry at June 30, the end of the fiscal year, based on a prepaid insurance account balance before adjustment, $10,046, and unexpired amounts per analysis of policies, $5,802.
The following labor standards have been established for a particular product: What is the labor efficiency variance for the month?
taurus tools has developed a new kitchen utensil. the firm has conducted significant market research and estimated the
for supply item abc andrews company has been ordering 125 units based on the recommendation of the salesperson who
List three types of consulting services that audit firms have provided to their audit clients in recent years. For each item, indicate the specific threats, if any, that the provision of the given service can pose for an audit firm's independence.
The company's ending inventory on December 31, 2010, is estimated at 94,500 units. Develop a quarterly production budget for 2011 and for the year in total.
The actual variable factory overhead is $32,000. In the current period, 2500 units are produced at a standard time of 2 labor hours per unit. These units require 5,500 actual labor hours. What is the controllable variance?
What will a close out sale at year end from one of a company's main suppliers do to the company's balance sheet?What will the event noted above do to inventory and payable ratios in comparison to prior years? Is this a concern? To who?
A government reported an other financing source in the amount of $600,000 related to the sale of land in its governmental funds Statement of Revenues, Expenditures and Changes in Fund Balances. The land had a cost of $170,000. The amount that woul..
given the following data for harder company compute cost of goods manufactured direct materials used 120000 beginning
xyz has been an s corporation since its inception six years ago. on january 1 of the current year the corporations two
1) What are the tax advantages and disadvantages of the C corporation form of doing business . List at least 2advantages and 2 disadvantages. Explain each item on your list with an example.
A CPA is interested in testing the fairness of the ending inventory balance at an audit client. He has relatively little experience using statistical sampling methods and, does not like to turn anything over to random chance.
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