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At the Main Street Theater, the cashier, located in a box office at the entrance, receives cash from customers and operates a machine that ejects serially numbered tickets. To gain admission to the theater, a customer hands the ticket to a door attendant stationed some 50 feet from the box office at the entrance to the theater lobby. The attendant tears the ticket in half, opens the door for the customer, and returns the stub to the customer. The other half of the ticket is dropped by the door attendant into a locked box.
Partners A and B have a profit and loss agreement with the following provisions: salaries of $41,600 and $38,400 for A and B, respectively; a bonus to A of 10% of net income after salaries and bonus; and interest of 10% on average capital balances..
If the new clerk in the accounting department insists on including the sales revenue account on the post-closing trial balance, would you agree? Why, or why not?
alison inc. paid 83400 for a 40 percent interest in holister corporations common stock. this investee had assets with a
at the beginning of 2013 pitman co. purchased an asset for 900000 with an estimated useful life of 5 years and an
on july 1 2011 apache company sold a parcel of undeveloped land to a construction company for 3000000. the book value
an organization makes and sells one product. if the target net profit for the month is 26000 monthly fixed costs are
Harry purchased one share of common stock in a computer company for $90. Shortly after he purchased it, the corporation distributed two new shares of common stock for each share held. What is his basis for each of the three shares of common stock?
the following data have been recorded for recently completed job 674 on its job cost sheet. direct materials cost was
capizzi corporation has an activity-based costing system with three activity cost pools-machining order filling and
Did Vallejos net income as a percent of sales increase, decrease, or remain unchanged over the 3-year period? Provide numerical support for your answer.
mahogany manufacturing produces two types of entry doors deluxe and standard. the current assignment basis for
doughboy bakery would like to buy a new machine for putting icing and other toppings on pastries. these are now put on
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