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a. Jones, a consultant, keeps her accounting records on a cash basis. During year 2, Jones collected $140,000 in fees from clients. At December 31, year 1, Jones had accounts receivable of $24,000. At December 31, year 2, Jones had accounts receivable of $47,000, and unearned fees of $4,200. On an accrual basis, what was Jones's service revenue for year 2?
sage learning systems inc. was organized on september 30 2012. projected selling and administrative expenses for each
sales are made 20 for cash and 80 on credit. credit sales are collected 60 in the month of sale and 40 in the next
There're 3 major requirements of Code Section 351: (1) the transfer must consist of property, (2) the transfer must be solely in exchange for stock and (3) the transferors must be in control immediately after the exchange.
What is the purpose of engagement planning? What critical information should the auditor consider during engagement planning? How will this information affect the scope of the audit?
on january 1 2013 the mason manufacturing company began construction of a building to be used as its office
in a february 10 2003 businessweek article cvss potent growth potion joseph agnese points out that the retail pharmacy
the jackson company has invested in a machine that cost 90000 that has a useful life of nine years and that has no
The bonds carry a face interest rate of 8 percent that is payable eachJuly 1 andJanuary 1. Prepare the entry in journal form without explanation for the issuance of the bonds assuming the bonds are issued at 98? Issued at 101?
audit plan for sales places extensive reliance on internal controls and use of substantive analytical procedures. You're testing for internal control for sales has found a significant number of instances where clients' credit ratings have not been ch..
chuck a dentist raises prize rabbits for breeding and showing purposes. assume that the activity is determined to be a
atampts financial statements for the 2010 and 2009 fiscal years contained the following information balance sheets 2010
The dividend should grow rapidly - at a rate of 50% per year - during years 4 and 5, but after year 5, growth should be constant at 8% per year. If the required return on Microtech is 15%, what is the value of its stock today?
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