Reference no: EM131202240
1- to include sales tx on sales form, you must set up the tax as an item. True of false
2- when you receive funds for git certificate, you hold them in an other current Liability account . True of false ?
3- an income summary account is used to enter all income transaction. true of false?
4- You can enter petty cash expenditures just as you enter checks. True / False?
5-Where can you enter class information for transactions? True / False?
6- Where do you enter shipping charges for items received? True / False?
7- you can enter petty cash expenditures just as you enter check . True / False?
8- Analyzing the Balance Sheet will allow you to calculate the gross margin percentage. True / False?
9- To process an electronic customer payment, you should set up a new entry in the Payment Method List. True / False?
|
Domestic corporations that own one class of stock
: A-Corp owns 100% of B-Corp and C-Corp. A-Corp sells its C-Corp stock to D-Corp during 2014. All letters refer to domestic corporations that own one class of stock and are includable. -Does A-Corp's sale of it's C-Corp stock end the affiliated group? ..
|
|
Where can you enter class information for transactions
: Where can you enter class information for transactions? Where do you enter shipping charges for items received? Analyzing the Balance Sheet will allow you to calculate the gross margin percentage.
|
|
Complete cost reduction program for green financial
: On January 1 Revis Consulting entered into a contract to complete a cost reduction program for Green Financial over a six-month period. Revis will receive $56,000 from Green at the end of each month. If total cost savings reach a specific target, Rev..
|
|
Ignore income tax considerations
: Kiddy Toy Corporation needs to acquire the use of a machine to be used in its manufacturing process. The machine needed is manufactured by Lollie Corp. The machine can be used for 8 years and then sold for $23,000 at the end of its useful life. find ..
|
|
Calculate the gross margin percentage
: to include sales tx on sales form, you must set up the tax as an item. You can enter petty cash expenditures just as you enter checks. Where do you enter shipping charges for items received? Analyzing the Balance Sheet will allow you to calculate the..
|
|
Prepare necessary journal entries to record sale of truck
: Disposal of Property, Plant, and Equipment Temple Company sold a delivery truck on April 1, 2013. Swann had acquired the truck on January 1, 2009, for $42,500. At acquisition, Temple had estimated that the truck would have an estimated life of 5 year..
|
|
What would be correct balance of account at end of year
: Investor Corporation owns 30% of Investee Corporation. Investee had net earnings of $100,000 during the year and paid dividends of $30,000. Investor's Investment in Investee account contained a $70,000 balance at the beginning of the year. What would..
|
|
Fiscal year by the straight-line method
: Sandblasting equipment acquired at a cost of $105,000 has an estimated residual value of $6,000 and an estimated useful life of 10 years. It was placed in service on April 1 of the current fiscal year, which ends on December 31. Determine the depreci..
|
|
Country are trying to change the way they charge customers
: Electric utilities across the country are trying to change the way they charge customers, shifting more of their fixed costs to monthly fees. Traditionally, charges for generating, transporting and maintaining the grid have been wrapped together into..
|