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1. Data Technologies provides maintenance service for computers and office equipment for companies throughout the Northeast. The sales manager is elated because she closed a $300,000 three-year maintenance contract on December 29, 2011, two days before the company's year-end. "Now we will hit this year's net income target for sure," she crowed. The customer is required to pay $100,000 on December 29 (the day the deal was closed). Two more payments of $100,000 each are also required on December 29, 2012 and 2013. Discuss the effect that this event will have on the company's financial statements.
martha has asked you to evaluate her business marthas tattoo salon. martha has five tattoo artists working for her.
1.when an industry has excess capacity market prices may drop well below their historical average. if this drop is
Depreciation Computations-Five Methods, Partial Periods Agazzi Company purchased equipment for $304,000 on October 1, 2010.
a company uses a process cost accounting system. its assembly departments beginning inventory consisted of 50000 units.
on january 1 2014 tillit corporation changed its method of accounting for bad debts from the direct write-off method to
which of these are considered manufacturing overhead?service department costs direct labor wages direct labor fringe
Assume that Par issues 25,000 shares of its stock for all of Sin's outstanding shares.
Assuming that Gray is 52 years old, determine the monthly premium that Gray must include in income as a result of receiving the group-term life benefit?
What does the term accrual accounting mean in terms of the way we account for transactions. Discuss two principles or concepts which drive the use of accrual accounting.
can you create and income statement and balance sheet for 2010 and 2011 from this information. and calculate the cash
mathias company manufactures a number of specialized machine parts. part bunkka-22 uses 35 of direct materials and 15
use the following selected date and additional information from the records of hitchcock corporation to answer the
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