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1. New machinery, which replaced a number of employees, was installed and put in operation in the last month of the fiscal year. The employees had been dismissed after payment of an extra month's wages, and this amount was added to the cost of the machinery. Discuss the propriety of the charge. If it was improper, describe the proper treatment.
the books of seal company a calendar year taxpayer had assets and related information as detailed below as of december
Write an accounting equation, and record the effects of each accounting event under the appropriate general ledger account headings and prepare an income statement for the 2009 accounting period and a balance sheet at the end of 2009 for Ruff Compa..
To what extent is the making of rules on financial reporting in the US separated from their enforcement? What is the historical background to the present situation?
you have just been hired as a loan officer at fairfield state bank. your supervisor has given you a file containing a
It is widely understood that communication in a business setting involves a complex set of unwritten rules. These rules govern speech, written correspondence and body language that vary around the world.
on november 1 year 1 noble co borrowed 80000 from south bank and signed a 12 six month note payable all due at
nanette is a third-grade teacher. potential deductions are charitable contributions of 520 personal property taxes on
In addition, on December 20, 2011, subscriptions for 2,000 shares of preferred stock were taken at a purchase price of $17. These subscribed shares were paid for on January 2, 2012. What should Amelia report as total contributed capital on its Dec..
Identify and briefly describe the various classes of singleuser, portable computers.
high tension transformers inc. manufactures heavy-duty transformers for electrical switching stations. the company uses
as of december 31 2012 stand still industries had 2500 of raw materials inventory. at the beginning of 2012 there was
Complete the last three columns in the 12/31/13 schedule above based upon the lower-of-cost-or-market rules and prepare the entryies necessary at 12/31/13 based on the data above.
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