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On Dec 31, company needed to record its accrued wages for yr end. if dec 31 is a Wednesday, then company must account for three days of wages. the company operates on a five day work week, the prior week’s gross pay was 29,870 and the net pay was 19,995. Journalize the adjusting entry to be made on dec 31 for the accrued wages.
Emerson and Dakota had $25,000 and $140,000 respectively in their January 1 capital balances. Net income for the year was $220,000. How much net income should be distributed to Emerson?
Depreciation expense and amortization expense are included in operating expenses - Prepare a statement of cash flows using the direct method.
Prepare the entry if the warrants were nondetachable. Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.
The 2014 balance sheet of Sugarpova's Tennis Shop, Inc., showed long-term debt of $3.3 million, and the 2015 balance sheet showed long-term debt of $3.4 million. The 2015 income statement showed an interest expense of $155,000. What was the firm’s 20..
A subsequent event refers to an event that occurs after the date of the audited balance sheet but prior to the date of the auditors' report. Subsequent events can be divided into two broad categories. What type of subsequent event is the death of the..
Cydnee is 42 years old. Her employer provides her with $300,000 of group term life insurance as a fringe benefit. The policy costs her employer $40 per month. For tax purposes, how much income does Cydnee have if: The benefit discriminates in favor o..
Compare and contrast the different deductions and exclusions from income between individuals and corporations. Describe at least two (2) tax benefits that are available to corporations that are not available to individuals. Discuss the reasons why th..
After all noncash assets are sold and all liabilities are paid, there is a cash balance of $130,000. What amount of loss on realization should be allocated to Soledad?
Calculation of Over heads to be assigned to a unit of output - what amount of overhead will be assigned to a unit of output which requires 0.5 machine hours and 0.25 labor hours to complete?
Per the attached document, could you please explain to me how to calculate the 1900 units under materials and conversion for number of units transferred to the next department under equivalent units of production was calculated?
What is the method used to determine whether the budgeting process is operating effectively?
finding out the minimum selling price acceptable to manufacturer.generators inc. produced emergency backup generators
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