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Question - Sales P750,000; Sales returns and allowances 15,000; Sales discounts 10,000; Purchases 170,000; Purchases Returns and Allowances 20,000; Transportation In 30,000; Selling Expenses 75,000; General and Administrative Expenses 275,000; Merchandise inventory, beginning 55,000; Merchandise inventory, ending 35,000. Determine the net sales for the period?
Investments (available-for-sale) were sold at $1,500 above their cost. The company has made similar sales and investments in the past.
Prepare the journal entries required on january 10 and august 4. On january 10, a candle corporation purchased 5000 shares of its own common stock
Tater and Pepper listed $6.2 million of inventory on its balance sheet. How many days did Tater and Pepper's inventory stay on the premises
During 2012, NASA Co. produced a new line of computers that carry a three-year warranty against manufacturer's defects. What amount should NASA report as a balance of the Warranty Liability account at December 31, 2014
Karen Kluster opened Lube and Wash on January 1, 2013. The business is subject to FICA taxes. At the end of the first quarter of 2013, Kluster, as president of the company, must file Form 941, Employer's Quarterly Federal Tax Return. Using Form 94..
Provide all the pertinent entries - Culiba's shareholder's equity immediately before the dividend declaration
Instructions - Make the income statement and statement of retained earnings for Terris Inc. for the year ended September 30, 2019
Describe the accounting concept of a business combination. Is dissolution of all but one of the separate legal entities necessary in order to have a business
1.Carmen Camry operates a consulting firm called Help Today. On August 31, the company's records show the following accounts and amounts for the month of August. Use this information to prepare an August income statement for the business.
Yukon Co. acquired 75% percent of the voting common stock of Ontario Corp. on January 1, 2013. During the year, Yukon made sales of inventory to Ontario.
A company that has never paid cash dividends is likely to start paying cash dividends if it expects very high sales growth every year
The amount that should be shown as Atwater's diluted earnings per share for 2011 (rounded to the nearest cent) is
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