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You have started a business that has now been going for a couple of years. Due to the increased volume in sales, you have started noticing more bad debt and want to use the allowance method for estimating bad debt. Would you use the percentage of sales method or the percentage of accounts receivable method and why?
if the balance in the finished goods inventory account increased by 30000 during the period and the cost of goods
What are the steps in completing the accounting cycle? How do the different steps impact the financial statements? What is the impact on the financial statements of missing a step when completing the accounting cycle?
kunkel company makes two products and uses a conventional costing system in which a single plantwide predetermined
flip company purchased equipment on july 1 2011 for 90000. it is estimated that the equipment will have a 5000 salvage
walker brothers company is considering installing a jit manufacturing system in the hope that it will improve its
you run a small furniture business. you sign a deal with a customer to deliver up to 400 chairs the eact price to be
until recently governments were not permitted to recognize increases in the value of investments as revenue. what
cal farms reported supplies expense of 1600000 this year. the supplies account decreased by 280000 during the year to
brandywine homecare a not-for-profit business had revenues of 12 million in 2007. expenses other than depreciation
xyz company sold 30000 units last month and sales totaled 1500000 usd. total variable monthly expenses were 600000 and
What is the balance sheet account for which a temporary difference is created by the situation? Unearned subscription revenue or subscription revenue?
Compare the reporting of this transaction on the tax
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