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Caden started a new publication called Contest News. Its subscribers pay $36 to receive 12 monthly issues. With every new subscriber, Caden debits Cash and credits Unearned Subscription Revenue for the amounts received. The company has 100 new subscribers as of July 1. It sends Contest News to each of these subscribers every month from July through December.
Assume no changes in subscribers, prepare the year-end journal entry that Caden must make as of December 31 to adjust
Problem 1: Determine what the current account balance equals.
Problem 2: Determine what the current account balance should equal.
Bonanza Gold's common stock currently sells for $32 per share. If Bonanza's cost of retained earnings is 15.5 percent, what is its cost of new common equity
On July 2, 2017, a taxpayer placed in service a new computer that cost $4,000. Compute the taxpayer's 2018 depreciation on the computer
Circle Corporation makes a product that sells for $400 per unit. Calculate the number of units that Circle must sell to make $350,000 in profits
Determine how to minimize the total cost (production + inventory cost) while meeting demands, and staying within the requirements of available material
What factors can impact sale prices for a factory type company? Can a company rely on setting price based on just a % on cost
Prepare the journal entries to record the interest payment on December 31, 2010.
At the beginning of 2014, Robotics Inc. acquired a manufacturing facility for $12 million. $9 million of the purchase price was allocated to the building.
The comparative balance sheet of Del Ray Enterprises Inc. at December 31, 2016 and 2015, is as follows: 1 Dec. 31, 2016 Dec. 31, 2015.
Jason paid Social Security taxes in the amount of $4,373, and Ester paid $8,588.80. What is the amount of their excess SST
Many organizations focus their strategy on providing high-quality customer service and con- sequently place metrics concerning customer relationship management on their balanced scorecards. Consider Sam's Pita Pit and the Classic Steakhouse, two r..
Campbell, a single taxpayer, earns $428,000 in taxable income. If Campbell earns an additional $16,400 of taxable income, what is marginal tax rate on income
Explain the main differences between US GAAP and IFRS and what these changes will mean to the readers of the financial statements (at least 4 differences).
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