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Question - Practical Company had sales of $323,000 for the year. The company reported accounts receivable of $34,000 at the end of last year and $34,000 at the end of this year. Practical's cost of goods sold this year was $250,000. In last year's statement of financial position, the company reported inventory of $48,000 and accounts payable of $33,000. In this year's statement of financial position, Practical reported inventory of $43,000 and accounts payable of $37,000. Calculate the amount of cash that Practical paid to suppliers for inventory during the year.
A contractor purchased a tractor at a cost of $135,000 and plans to use it for 5 years which time she estimates the salvage value of the tractor will be $65,000
receive brokerage advice from edwards jones for purchase of 500 shares of microsoft at 49.20 per share plus 400 brokers
the melano corporation was authorized to issue 1000000 shares of 1 par common stock and 100000 shares of 100 par 10
All direct materials are placed in process at the beginning of production. Prepare a cost of production report, presenting the following computations:
Assuming that Newcars plc and Oldcars plc are related parties, describe the related parties' disclosures that would have to be made in the companies' financial statements in respect of the sale and purchase of cars between the two companies.
Use this information to prepare the General Journal entry (without explanation) for the January 2 entry
Determine the amount of cash received by American from the above transactions during the year ended September 30, 2014
legal docs inc is a legal services firm that files incorporation papers for small businesses. they charge 1000 per
Purchased raw materials at a cost of $45,000 and general factory supplies at a cost of $13,000 on account, Prepare journal entries to record transactions
Determine the difference between absorption and variable costing witout preparing an incom statement.
finco is a wholly owned finnish manufacturing subsidiary of winco a domestic corporation that manufactures and markets
BUSINESS ADMINISTRATION, MANAGEMNT& COMMERCIAL SCIENCES ACCOUNTING 512 ASSIGNMENT - Calculate the total tax expense that would appear in the statement of comprehensive income of Stress Management Limited for the end 30 November 2004. Show all worki..
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