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1. what is the difference between the sales journal and the accounts receivable master file? Why are they both important?
2. When is it acceptable to confirm accounts receivable prior to the balance sheet date?
3. Can you distinguish between accuracy of tests of gross accounts receivable and tests of the realizable value of receivables?
Your roommate, Jill Blalock, purchased a new portable DVD player just before this school term for $80.
What conditions/factors cause a business to have a high degree of operating leverage as compared to others?
The Warner Corporation has gross income of $560,000. It has business Expenses of $325,000, a capital loss of $20,000 and $2,500 of interest income on temporary investments. What is the corporation's taxable income?
Determine the balance in the Finished Goods Inventory and compute the cost of goods manufactured for November
On the first day of the current fiscal year, $1,000,000 of 10-year, 7% bonds, with interest payable semiannualy were sold for $1,050,000. Present entries to record the following transactions for the current fiscal year:
Madison Industries has equivalent units of 2,000 for materials and for conversion costs. Total manufacturing costs are $160,000. Total materials costs are $120,000. How much is the conversion cost per unit?
Dresser Company uses a standard cost system and sets predetermined overhead rates on the basis of direct labor-hours. The following data are taken from the company's budget for the current year: Prepare an analysis of the variance for material and ..
Justification for the method of determining periodic deferred tax expense is base on the concept of:
Prepare separate entries for each transaction on the books of Meredith Company.
What is Corporate governance and outline brief history of corporate governance - Prepare an essay on Corporate\IT governance and internal control.
A company's retained earnings on December 31, 2011 was $2,190,000 and its shareholders equity was $8,760,000.
Texark Inc., a calendar year taxpayer, reported $5,210,300 net income before tax on its financial statements prepared in accordance with GAAP. The corporation's records reveal the following information.
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