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After the amount due on a sale of $28,000, term 2/10, n/eom, is received from a customer within the discount period, the seller consents to the return of the entire shipment. The cost of the merchandise returned was $16,000. What is the amount of the refund owed to the customer?
Discuss the rationale for GASB requiring raw sets of financial statements, each with a different measurement focus and basis for accounting for government activities. Do you agree with this rationale or not? Explain why.
purchased 100000 of u.s. treasury 6 bonds paying 102 plus accrued interest of 1000. the security is to be held
Consider a bond with face value $100, coupon rate 6% and 10 years to maturity. Using Microsoft Excel produce a printout of:
Paid utilites using the folloing column headings, identify the accounts involved and indicate the net effect of each transaction of on the accounting equations.
new lithographic equipment acquired at a cost of 800000 at the beginning of a fiscal year has an estimated useful life
A new ice cream machine has been added to Dairy Queen - It is expected to add $100,000 in sales in year 1 increasing by $25,000 per year thru year 10 ( 10years total) what is the present value of these future sales if interest is 8%
If $380,000 is to be distributed as a dividend for the current year, what total amount will be distributed to the common stockholders?
pacific ink had beginning work-in-process inventory of 587225 on october 1. of this amount 312500 was the cost of
V Company's product has a labor standard of 2 hours per unit. For 2011, it estimates its production will be 200,000 units (400,000 DLHs). It budgets total overhead at $900,000, which results in a fixed overhead rate of $1.50 per hour.
Sara owns a sole proprietorship and Phil is the sole shareholder of a C (regular) corporation. Each business sustained a $9,000 operating loss and a $2,000 capital loss for the year. Evaluate how these losses will affect the taxable income of the ..
Hammond and Jarrett provide tax consulting for estates and trusts. Their job-costing system has a single direct-cost category (professional labor) and a single indirect-cost pool (research support).
a company replaced an engine on a vehicle and debited the amount to repairs expense rather than debiting the vehicle
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