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You are an accountant in a medium-sized manufacturing company. You have been asked to mentor an accounting clerk who is new to your accounting department.Explain why adjusting entries are necessary.
What are the limitation,uniqueness and two illustration of bank reconciliation.
mary has a three-stock portfolio and is interested in estimating its overall return next year. she has 25000 invested
Apple Company sold goods on account for 50,000 (L) pounds on November 2, 2006. On that same date, the controller entered into a forward contract to sell the pounds for $1.5920 on March 1, 2007. Apple Company's fiscal year ends on December 31, 2006..
During the year, Best Pictures reports net income of $350,000 and pays $90,000 of cash dividends. At the end of the year, the market value of Berlin's investment is $3.7 million. What is the year-end balance of the equity investment in Best Pictur..
short company purchased as an available-for-sale investment 20000 shares of daniel corporations 1 par value common
In 2010, Tina Turnips gave property with an adjusted basis of $63,000 to Sally when the fair market value was $163,000. Gift taxes paid on the property were $30,000, and the taxable gift was $150,000. What is the adjusted basis of the property to ..
toy country corporation produces childrens toys using a liquid plastic formula and a continuose production process. in
While preparing the bank reconciliation, you notice that a check, written by the company for $750, has been outstanding for 5 months. What is the best action for you to take?
miyamoto jewelers is considering a special order for 20 handcrafted gold bracelets to be given as gifts to members of a
linda and don are married and file a joint return. in 2014 they received 12000 in social security benefits and 35000 in
What are the annual net cash inflows that will be provided by the new dipping machine? Compute the new machine's net present value. Use the incremental cost approach.
Discuss the potential risks of adopting lean production. Does its application depend on company culture and business condition?
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