Arantxa corporation-equity securities journal entries

Make the journal entries to record the above three securities purchases. Make the journal entry for the security sale on May 20. Compute the unrealized gains or losses and prepare the adjusting entry for Arantxa on December 31, 2008.

  Company raw material inventory account

It's Kinda China produces collectible pieces of act. The company's Raw Material Inventory account includes the cost of both direct and indirect materials. Account balances for the company at the beginning and end of July 2008 follow:

  Prepare a system flowchart in good form for lakers loot

  Analyze the process of accounting for changes in ownership

Determine how a company you researched would approach the change in ownership interest under current GAAP and how that approach would differ under proposed GAAP. Provide specific examples to support your response.

  Cost of merchandise sold section of the income statement

Prepare the cost of merchandise sold section of the income statement for the year ended March 31, 2010, using the periodic method. Also determine gross profit.

  Business ethics-ethics in selling

For many months your prospective ERP customer has been analyzing the hundreds of assumptions built into the $800,000 ERP software you are selling. So far, you have knocked yourself out to try to make this sale.

  Principle payment of cash on a note payable

A business makes a principle payment of cash on a note payable. The note payable was originally issued for the purchase of equipment. Which of the following occurs?

  Different entry strategies

Provide the circumstances under which each company chose its strategy. Provide information on how the two companies chosen strategies have affected performance and contributed to success or failure.

  Revenue and expense data for schumpert medical center

The subsequent two spreadsheets provide workload (expressed as relative weighted products (RWPs) for inpatient care), revenue, and expense data for Schumpert Medical Center covering their fiscal years 2010 and 2011.

  Unrecorded retirements of property

Describe two ways that the auditors obtain evidence that there are no significant amounts of unrecorded retirements of property.

  What is margie gross estate for federal estate tax

Margie died on October 3, 2011. Her will directed that upon her death, all of her assets be transferred outright to her husband, Michael. The following are all of the assets that were owned by Margie on October 3, 2011.

  End of the accounting period

When standard manufacturing costs are recorded in the accounts and the cost variances are immaterial at the end of the accounting period, the cost variances should be: