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You have the following information for Jewels Gems. Jewels Gems uses the periodic method of accounting for its inventory transactions. Jewels Gems only carries one brand and size of diamonds-all are identical. Each batch of diamonds purchased is carefully coded and marked with its purchase cost.
March 1 Beginning inventory 150 diamonds at a cost of $310 per diamond.March 3 Purchased 200 diamonds at a cost of $350 each.March 5 Sold 180 diamonds for $600 each.March 10 Purchased 330 diamonds at a cost of $375 each.March 25 Sold 390 diamonds for $650 each.
stegner inc. reported net income of 130000 for the year ended december 31 2008. the following items were included on
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Aziz works for a broker. One of his clients is offered to buy a bond at $1,050. It is a 10%, 15-year bond with a par value of $1,000 and a call price of $1,100.
Included in the December 31, 2012, Jacobi Company balance sheet was the following shareholders' equity section:
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the accounting profession follows a set of guidelines for measurement and disclosure of financial information called
Susquehana Company purchased an asset at the beginning of the current year for $250,000.
Describe any necessary supporting processes that precede the sale of a product to you. Describe any necessary supporting processes that occur after a sale to you.
5 years 5000 hours of usage jan 2008 purchased 460000 salvage value of 60000 at end of 5 years 2008 usage was 1200
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