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Problem - Carey opens a law office in Chicago on January 1, 2019. On January 1, 2019, Carey purchases an annual subscription to a law journal for $170 and a 1-year legal reference service for $1,500. Carey also subscribes to Chicago Magazine for $54 so she can find great places to take client's to dinner and review the Best 50 Lawyers in Chicago list published each year. Calculate Carey's deduction for the above items for the 2019 tax year.
During 2018, Roberto sold 760 shares of Casual Investor Mutual fund for $8.20 per share. Calculate the gain on the sale
Prepare the company's journal entries for January 1, 2016, July 1, 2017 and December 31, 2017. Assume an effective interest rate of 9%
Internal Financing. What is the difference between "internal" financing and "external" financing for a subsidiary?
Mumma Limited $85 000, Junior Limited $12 500. Compute the balance of the consolidated cash account of the Papa Limited group
Increase in accounts receivable 16,412 and Decrease in accounts payable 16,806. Compute the net cash flow from operating activities using the indirect method
Calculate return on net operating assets for all three years. Identify reasons for any changes. Calculate return on equity for all three years
general capital assets are accounted for differently in fund governmental-wide financial statements.a city engaged in
Jefferson Jerome is interested in purchasing "Art Specialists Inc.", an auction house. Record the correcting entry. Prepare financial statements
In 2012, Purple Mobile Dog Grooming Services groomed 3,217 dogs at an average price of $75. Calculate the break-even point in both dollars and units
Prepare the adjusting entry needed on the books of Great Pizza to recognize uncollectible accounts under each assumptions
Prepare the adjusting entry to record the bonds at fair value at 7/31/17. The Fair Value adjustment account has a credit balance of $1,000 prior to adjustment
the standard number of hours that should have been worked for the output attained is 6000 direct labor hours and the
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