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Commencement of business
1. What date did business commence?
2. Work out how much it will cost to commence business.
3. The capital to start business must come from the partners. Work out how much each partner is contributing (REALISTIC NUMBERS, REMEMBER IT'S A JUICE BAR BUSINESS). Write the details of each partner's contribution in narrative form. At least one of the partners must have contributed more than just cash. If other assets are introduced, they must be realistic. Explain where they came from if necessary.
2. Prepare general journal entries to account for the capital contributed by the partners. Include narrations.
3. Prepare a statement of financial position on the day of formation.
Cost of goods sold, ending inventory and gross profit
Howell Industries has total fixed costs of $150,000 and the company's contribution margin represents 60% of revenue per unit, Last year, Howell Industries earned $50,000 pre-tax, and this year it would like to improve that figure by 20%.
in summer 2005 time warner inc. announced they were setting aside 3 billion to settle lawsuits from shareholders who
Under FAS 123R, how would this transaction be reported in SAS's 12/31/09 year-end financial statements-would these terminated options result in some sort of an adjustment? If there is an adjustment, please make the appropriate entry or entries?
Purpose the journal entry for Blaha to record the impairment of its goodwill at the end of 2013.
a company has two main business systems-eastern and western. in november the eastern business segment had sales
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Clark, a widower, maintains a household for himself and his two dependent preschool children. For the year ended December 31, 2013, Clark earned a salary of $36,000. He paid $3,500 to a housekeeper to care for his children in his home.
Prepare the Statement of Changes in Net Position of the Flood Control Commission for the month ended October 31, 2011 and prepare the Statement of Budgetary Resources of the Flood Control Commission for the month ended October 31, 2011.
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Prepare a 5-page cost/benefit analysis of the Sarbanes-Oxley Act
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