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Carpenter company has used the installment method of accounting since it began operations at the beginning of 2011. Following pertains to its operations: installment sales 1400000. cost of installment sales 980000 collections of installment sales 560000 general and administravie expense 140000. amout to be reported Dec 31 2011.
odaniel company had beginning inventory on may 1 of 12000. during the month the company made purchases of 40000 but
Determine the amount of intra-entity profit at the end of 20X1.
Demonstrate how Prospector could maximize its gross profit for the month by specifically selecting which diamonds to sell on March 5 and March 25.
Shifting the focus slightly, think about this. How would you allocate the cost of a dinner among a group of your friends when you go out for an evening?
Assume Broadcourt Electronics purchased the entire issue in a private placement of the bonds. Using the data in requirement 2, prepare the journal entry to record the purchase by Broadcourt.
what depreciation method does amazon use for property and equipment? what is the range of useful lives for buildings
From the standpoint of accounting theory, which one of the following statements is the best one to support the preparation of consolidated financial statements?
nike company produces an artificial cherry flavoring that passes through two production processes. nike uses the
mozena corporation has collected the following information after its first year of sales. sales were 1600000 on 100000
Prepare the journal entry to record the retirement of the bonds at maturity, assuming the bonds were issued at 100. Prepare the journal entry to record the retirement of the bonds before maturity at 98. Assume the balance in premium on bonds payable ..
during periods of rising prices a perpetual inventory system would result in the same dollar amount of ending inventory
You can bullet point your procedure for count and value-answer does not have to be a very long answer but well thought out.
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