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If regent tax services' office supplies account balance on march 1 was $ 1400 , the company purchased $ 675 of supplies during the month and recorded the purchase in the office supplies account, and the physical count of supplies on hand at the end of march indicated $1,250 ununsed . What is the amount of the adjusting entry for office supplies on march 31
a. 675
b. 825
c. 1250
d 1975
Maria invested $5500 in two mutual funds. One fund earned an 8% profit, while the other earned a 1.5% profit. Between the two accounts, Maria made a profit of $180. How much was invested in each account?
the lampl accounting firmthe may 31 20xx post-closing trial balance for the lampl accounting firm appears below.during
If ‘profit' maximization is biased towards maximising the interest of only one stakeholders group, would you expect that over time there will be less emphasis on profits and more emphasis on other performance indicators?
Other products include frozen parts such as wings and legs, byproducts such as skin and bones, and unused scrap items.
Hessmar Corporation manufactures one product and accounts for costs using a job-order costing system. You have obtained the following information from the corporation’s books and records for the year ended December 31, year 1:
The Shoe division of Garrison Company has the following annual data. How much is the contribution margin for the year?
Identify and list three areas that you found interesting. How can a business use the knowledge of these areas in making well-informed business and employee decisions?
Purchase a new, more advanced machine for $250,000. This machine will require $15,000 per year in ongoing maintenance expenses and will lower bottling costs by $10,000 per year. Should Beryl's Iced Tea continue to rent, purchase its current machine..
All raw materials are considered direct to the manufacture process. During April the company purchased 260,000 of raw materials direct labor cost for the month was 342,000 workers are paid 9.50 per hour.
Explains that all financial statements are produced to provide useful information that satisfies the needs of users - managers would have far more opportunity to conceal improper fund uses if transactions were instead permitted to be recorded to ref..
The three fundamental principles underlying GAAS include all of the following, except
There would be no variable marketing costs incurred on the government's units and show What impact would accepting the government contract have on March income?
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