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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.
bonita beauty corporation manufactures cosmetic products that are sold through a network of sales agents. the agents
1.which of the following is a limitation of the balance sheet?a.many items that are of financial value are
electronic distribution has a defined benefit pension plan. characteristics of the plan during 2013 are as followsnbsp
the 2011 balance sheet of annas tennis shop inc showed 490000 in common stock account and 3.4 million in the additional
Prepare the adjusting journal entry needed on December 31, 2006. Prepare the journal entry to record the sale of the Colorado Company stock during 2007.
The equipment will provide cost savings of $7,300 and will be depreciated straight-line over its useful life with no salvage value. Cleaners, Inc. requires a 10% rate of return. What is the approximate net present value of this investment?
Cindi's Candies paid employee wages on and through Friday, January 26, and the next payroll will be paid in February. There are three more working days in January (29-31). Employees work 5 days a week and the company pays $900 a day in wages. What..
The long-term note payable bears interest at 12% per year. The unadjusted Interest Expense account equals the amount paid for the first 11 months of the 2009 fiscal year. The $230 accrued interest for June has not yet been paid or recorded.
How realistic do you feel the criteria are for determining whether a lease is "capital" or "operating"? Can't a lease just be negotiated at 79% of the economic life, or 89% of the present value of payments? Has FASB taken any action to address thi..
What GASB statement requires government wide statements and why? This answer should include a comment on the measurement focus and basis of accounting used.
Beeline Manufacturing produces two types of industrial ventilation machines: heavy-duty and standard. The assignment basis for overhead costs has always been direct labor hours. For 2013, Beeline compiled the following data for the two products
At December 31, balances in Overhead are as follows: Lott Company-debit $1,500, Perez Company-credit $900. Prepare the adjusting entry for each company at December 31, assuming the adjustment is made to cost of goods sold.
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