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Borrowed $540,000 in jan 2014, made 12 monthly payments during the year, reducing the balance of the loan by 40,628. 2. issued common stock for 0.99 million. 3.purchased 9900 shares of treasury stock at $14 per share. 4.reissued 4,100 shares of treasury stock at $16 per share. 5.declared and paid a cash dividend of 112,200. Need help in preparing cash flows for the year ended dec 31, 2014 using indirect method.
weaver companys predetermined overhead rate is 18.00 per direct labor-hour and its direct labor wage rate is 16.00 per
Lighthouse, Inc. uses the percentage of credit sales method to record bad debt and estimates the percentage to be 2.5%. What is the adjusting entry to record bad debt on 12/31/10?
Calculate the amount of the corporation's loss that may be deducted by Loraine on her 2009 tax return?
In April 2007 of this year, Emma acquired a machine for $50,000 for use in her business. The machine is classified as 7-year property. Emma makes no elections with regard to the property. Emma's depreciation on the machine this year is
nemani corporation is projecting a cash balance of 41785 in its december 31 2013 balance sheet. nemani schedule of
Spectre Chemicals produces Zaloff in a two department process. Information on the two departments for March and April, 2011 are as follows
drug benefits and post retirement liabilities delphi companyreduced its other post reitrement benefits by approx 500
Daniel purchased a bond on July 1, 2010, at par of $10,000 plus accrued interest of $400. On December 31, 2010, Daniel collected the $800 interest for the year. On January 1, 2011, Daniel sold the bond for $10,200.
Jodz Company had the following stockholders' equity as of January 1, 2004. Prepare the journal entries to record the treasury stock transactions in 2004, assuming Jodz uses the cost method.
Carr Corporation retires its $100,000 face value bonds at 105 on January 1, following the payment of interest. The carrying value of the bonds at the redemption date is $103,745. The entry to record the redemption will include a:
What is meant by verification and how it is different from vouching? What is the importance of verification in audit? Explain the methods to verify the various types of tangible and intangible assets.
In November 2011, Kendall purchases a computer for $4,000. She does not use Sec. 179. She only uses the most accelerated depreciation method possible.
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