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At October 31, Nathan Company made an accrued expense adjusting entry of $1,400 for salaries. Prepare the reversing entry on November 1, and indicate the balances in Salaries Payable and Salaries Expense after posting the reversing entry?
Management uses accounting information to run the business (and be sure they get bonuses based on profitability ) stockholders use it to be sure they continue to have a sound investment, a banker may use it to monitor credit trends and for compari..
computing job costs weaver companys predetermined overhead rate is 18.00 per direct labor-hour and its direct labor
should a corporation be in a position to liquidate detail the order of payment to debt and equity holders. consider
What are Lily's taxable income and tax liability for the year?
assume that a certain nursing home has two categories of payers. medicaid pays 60.00 per day and private pay patients
stratford company distributes a lightweight lawn chair that sells for 80 per unit. variable expenses are 40.00 per unit
balance sheet stockholders equity preferred stock 1 par value 5000 common stock 1 par value 20000 additional paid-in
emeril corporation encounters the following situations1. emeril collects 1000 from a customer in 2010 for servicesto be
In 2009, Osgood Corporation purchased $4 million in ten-year municipal bonds at face value. On December 31, 2011, the bonds had a market value of $3,600,000 and Osgood reclassified the bonds from held to maturity to trading securities.
1. a perpetual record of a raw materials item that records data on the quantity and cost of units purchased units
Bloomfield Bakers accounts for its investment in Clor Confectionary under the equity method. Bloomfield carried the Clor investment at $150,000 and $165,000 at December 31m 2010 and 2011, respectively.
on january 2 2011 kinnard hospital purchased a 104150 special radiology scanner from faital inc. the scanner has a
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