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What are the differences between a direct cost and an indirect cost? Which is the more difficult cost to track? Why? How do indirect costs affect the cost of a product? Should indirect costs be included in product cost? Why or why not?
hamblin co. elects to use the percentage-of-sales basis in 2014 to record bad debts expense. it estimates that 2 of net
company n has a 5-year note payable that will mature on march 17 2012. company n has an agreement with a local bank to
How is business use of car tax deducted?
shimmer inc is a calendar year end accrual method corporation. this year its sells the following long term assetsassets
a. express company sold goods for 20000 to northwoodcompany on march 12 on credit. terms of the sale were 210n30. at
Connors Corporation acquired manufacturing equipment for use in its assembly line. Below are four independent situations relating to the acquisition of the equipment. (FV of $1, PV of $1, FVA of $1, PVA of $1, FVAD of $1 and PVAD of $1) (Use a..
assume that the best cost driver that sony had for variable factory overhead in the assembly department is machine
Schuss Inc. issued $3,000,000 of 10%, 10-year convertible bonds on June 1, 2010, at 98 plus accrued interest. The bonds were dated April 1, 2010, with interest payable April 1 and October 1. Bond discount is amortized semiannually on a straight-li..
electronic distribution has a defined benefit pension plan. characteristics of the plan during 2013 are as follows
Note and installment note with unrealistic interest rate
Victor called you and was in a panic as he had just received a letter from the IRS, requesting an audit of his business. The letter specifically asked for support for the $ 150,000 truck operating expense. Victor had no receipts.
How do I find income of subsidiary, investment in subsidiary, and retained earnings using equity, initial value, and partial equity method?
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