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On December 1, DEF Company agreed to accept a $10,000 45-day note from a customer which bears 6% interest. Assume that no interest has been recorded during the year. If DEF uses the cash basis, how much interest revenue needs to be recorded on December 31? (calculate the portion of the year based on 360 days and round to the nearest dollar)
1.a company should use the depreciation method that best matches depreciation expense against the revenues produced by
cape horn company purchased a building on march 1 1988 at acost of 4186000. for financial reporting purposes the
oakland college is considering outsourcing grounds maintenance. in this regard oakland has received a bid from highline
Which type of financing, debt or equity, increases the risk factor of a business?
astaire company uses the gross profit method to estimate inventory for monthly reporting purposes. presented below is
bp makes a variety of ceramic sinks and tubs. ebp has just developed a line of sinks and tubs made from a mixture of
Determine Phyllis's deductible travel expenses.(This is a tax research case for grad school that I have to prepare a presentation for).
Assuming Sunny Day accounts for the by product using the production method, what is the inventoriable cost for each product and Sunny Day's gross margin?
trying to get the priceearning ratio for the coca-cola company for the last 5 years starting in 2011.
axillar beauty products corporation is considering the production of a new conditioning shampoo that will require the
Dustin Clemens is the accounting and finance manager for a manufacturer. At year-end, he must determine how to account for the company's contingencies.
Inlcuded in Perry's capital balance is a $20,000 partnership loan owed to Perry. Perry, Quincy, and Renquist shared profits and losses in a ratio of 2:4:4. Liquidation expenses were expected to be $15,000.
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