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The following items appear on a bank reconciliation:
1. - Service charge
2. - Book error: We debited Cash for $100. The correct debit was $1,000.
3. - NSF check
4. - Bank collection of a note receivable on our behalf
5. - Deposits in transit
6. - Bank error: The bank credited our account for a deposit made by another bank customer.
7. - Outstanding checks
Classify each item as (a) an addition to the bank balance, (b) a subtraction from the bank balance, (c) an addition to the book balance, or (d) a subtraction from the book balance.
brown companys account balances at december 31 2014 for accounts receivable and the related allowance for doubtful
on january 2 2015 jatson corporation acquired a new machine with an estimated useful life of five years. the cost of
Z-Mart appropriately uses the installment sales method of accounting for its installment sales. During 2009, Z-Mart made installments sales of $300,000 and received payments of $135,000 on those sales. Z-Mart's gross profit margin is 30%.
gelato supremo is a popular neighborhood gelato shop. the company has provided the following data concerning its
Calculate return on equity, ROE, under each of the three economic scenarios before any debt is issued. Also, calculate the percentage changes in ROE for economic expansion and recession, assuming no taxes.
custom publishers company specializes in print-on-demand books. the company needs information to budget next years
What are some examples of turnaround documents that you have seen?
the following is selected information from alpha-beta-gamma corporation for the fiscal year ending october 31 2010.
a and b companies have been operating separately for five years. each company has a minimal amount of liabilities and a
State a few reasons why a company may use LIFO for external reporting and FIFO for internal reporting purposes. Explain what a LIFO reserve is and how it works.
Slaton Corporation traded a used truck for a new truck. The used truck cost $20,000 and has accumulated depreciation of $17,000. The new truck is worth $35,000.
Four of the following eight statements are patently false. Find the four false statements. The other statements are true
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