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Question - Explain the concept of law of diminishing marginal utility with a suitable example. Why is it relevant for managers in taking decisions relating to expansion or diversification?
A bank debit memo indicated an NSF cheque for $259. Prepare bank reconciliation and the required journal entries
equipment costing 40000 with a salvage value of 8000 and an estimated life of 8 years has been depreciated using the
Pekoe sold Earl (an unrelated party) stock for $6,500 that he bought 3 years ago for $9,500. What is Pekoe's recognized gain or loss
Retained earnings balance at the beginning of the year $156,000. Net income for the year $ 92,000. What is the ending balance for retained earnings
how do you find the income before extraordinary items?all i am given is the extraordinary gain is 3000000 -net
Assume a traditional costing system applies the $160,000 of overhead costs based on direct labor hours. What is the total amount of overhead costs
freeny corporation adjustment data and the unadjusted trial balance.adjustment dataunusual supplies on hand
Management of Red Hot Choice Ltd is considering the following investment project: Capital Outlay $100,000. Determine the payback period
During this engagement, an internal auditor identifies control weaknes, What are the benefits and drawbacks of an internal auditor communicating such a weakness
Assuming the declining-balance depreciation rate is double the straight-line rate, compute annual depreciation for the first and second years
On January 1, 2016, when its $30 par value common stock was selling for $80 per share, Prepare the entry to record the exercise of the conversion option
If a debt for $2000, previously provided for as doubtful, is written off as bad debts, what is the estimated net realisable value of accounts receivable
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