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Allowance for doubtful accounts has a credit balance of 500 at the end of the year (before adjustment)) and uncollectable accounts expense is estimated at #% of net sales. If net sales are 600,000 the amount of teh adjusting entry to record the provision for doubful account is?
Greenbacks Bank also gave Doug and Pattie a cellular phone (worth $100) for opening the savings account. What amount of interest income should they report on their joint income tax return?
Which of the following is accounted for as a change in accounting principle?
Lyn, age 65, and Robert, age 66, are married and support Lyn's father (no taxable income) and Robert's mother, who has $2,200 of gross income. If they file a joint return for 2011, how many exemptions may Lyn and Robert claim?
describe one of the three elements that are present when fraud occurs. of the three elements which do you think is
runcke motor company manufactures automobiles. during september 2011 the company purchased 5000 head lamps at a cost of
the controller of sagehen enterprises believes that the company should switch from the lifo method to the fifo method.
michelle is an employee who must use her personal automobile for employment-related business trips. during the current
write a 700- to 1050-word paper describing how information systems are changing various aspects of the accounting
heritage insurance co. is a regional insurance company that began operations on january 1 2012. the following
Bigelow Industries manufactures swim caps. Their operating leverage is 3. Each cap sells for $10 and has a contribution margin of $6. They expect to sell 37,500 swim caps. Their fixed costs are:
on february 1 the board of directors declared a 3-for-2 stock split distributed on february 22 to shareholders of
On December 31, 2010, Green Company finished consultation services and accepted in exchange a promissory note with a face value of $400,000, a due date of December 31, 2013, and a stated rate of 5%, with interest receivable at the end of each year..
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