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Sarah Crowly uses the cash receipts method of accounting for her accounting business. On December 25, 2011, she received a $1,000 check in payment for her services. The following year she was told that the check had bounced. One client offered to give her a check for $500 on December 31, 2011, but Sarah asked him to give it to her the next year, which the client did. Another client gave her a check for $750 on December 31, 2011, but after the bank had closed. Both the $500 and $750 checks cleared the next year. How much does Sarah have to include in her gross income for 2011?
Evaluate the first year of depreciation on a residential rental building costing
Complete the subsequent worksheet, assuming that on 1 st January, 2011, Weiss Corporation purchased Rock Corporation. Rock's functional currency is FC.
Prepare an income statement in good form for Rustic Company and Prepare a classified balance sheet.
The after tax net loss reported by Maine on its year end 31st December, 2012 income statement
The current ratio for a company with current assets of $70,000, quick assets of $30,000, net assets of $150,000 current liabilities of $50,000 and net sales of $80,000 would be:
Evaluate the total interest expense for 2010 and Will the bond proceeds always be less that the face amount of the bonds when the contract rate is less that market rate of interest?
Audit report and financial statements for the system
Journalize the transactions for Horner Corporation and Prepare a cash distribution schedule
1st Sept purchased inventory from Orion Company on account for $54,050. Darby records purchases gross and uses periodic inventory system.
Identify the key qualitative factors that HMI management should consider with respect to mis special order
Which of these should be included in the initial project cash flow related to net working capital and What amount should be used as the initial cash flow for this building project
Evaluate the dollar cost of each of proposed plans for obtaining an initial loan amount of $100,000 and which plan do you recommend? Why?
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