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1. On August 1, 2014, Miles Company accepted from another company a one-year note receivable with a face amount of $4,000 and an interest rate of 8%. What would be the total amount of assets (related to the note receivable) reported on Miles balance sheet dated December 31, 2014? (Points : 2) $4,000 $4,133 $4,320 $4,187
information for 2013 and 2012 is presented below for this company which uses the straight-line depreciation method.
On March 1, the Unearned Revenue account had a credit balance of $4,000. During March, it sold 300 tickets at $20 each and 250 tickets were used during the month. What is the balance in Unearned Revenue at the end of March?
A risk averse person with a von-Neumann-Morgenstern utility index of: U = ln(Y) has a 20% chance that a disaster will reduce her regular income of $100,000 to zero. She can buy insurance at a rate of $0.40 per dollar of coverage. a) Will she fully, u..
the cardinal company had a finished goods inventory of 55000 units on january 1. its projected sales for the next four
The board of directors declared and paid a $5,000 dividend in 2010. In 2011, $24,000 of dividends are declared and paid. What are the dividends received by the preferred stockholders in 2011?
the rogers leasing company signed an agreement to lease an asset that has a fair value of 800000 on december 312010.
The company estimates that 8% of all sales will be returned.
parrett corp. acquired one hundred percent of jones inc. on january 1 2009 at a price in excess of the subsidiarys fair
1 an investor purchased 500 shares of common stock 25 par for 21750. subsequently 100 shares were sold for 40.50 per
currently the unit selling price is 50 the variable cost 34 and the total fixed costs 108000. a proposal is being
Assuming an income tax rate of 40% and 2011 income tax payable of $950,000, prepare the journal entry to record income taxes for 2011.
Prepare an income statement, using the single-step form, and a statement of owner's equity using the data (below) from the ledger of Morrison Co. after adjustment at September 30, 2011 the end of the fiscal year.
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