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Question - Cash receipts versus revenues - During the month of April, Riley Co. had cash receipts from customers of $780,000. Expenses totaled $624,000, and accrual basis net income was $218,000. There were no gains or losses during the month.
Required -
a. Calculate the revenues for Riley Co. for April.
b. Explain why cash receipts from customers can be different from revenues.
The machine needs be refurbished for a total cost of P20,000 before it can be so at the estimated residual value of P200,000. How much is the depreciation
Donaldson Incorporated sold $500,000 of 12% bonds on January 1, 2009, for $470,143.47, Prepare an interest expense and discount amortization schedule
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Provide four recommendations to improve controls over cash sales. The audit work papers contain the following narrative description of the cash sales
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Assume that the subsidiary is solvent, what basis will ABC Corporation have in the assets acquired from CDE Corporation
For full credit, please post a minimum of three external costs that you believe are not normally accounted for by automobile manufacturing businesses.
the manufacturing operations of reason inc. had the following balances for the month of january raw materials for
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Accounting rate of return. Based you calculation on the initial cost of the investment.
The board of directors plans to pay dividends in the amount of $800,000 this year. What amount will go to preferred stockholders
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