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Primary Task Response: Within the Discussion Board area, write 300-400 words that respond to the following questions with your thoughts, ideas, and comments. This will be the foundation for future discussions by your classmates. Be substantive and clear, and use examples to reinforce your ideas.
• Closing Entries
o What are the reasons for closing entries?o What accounts are closed?o How are closing entries done?o What is the result of the closing entry?
• Merchandising
o What is the difference between a service and a merchandising business? Provide an example of each.o What are three new types of merchandising accounts?
Compute the taxpayer's taxable income
klingon widgets inc. purchased new cloaking machinerythree years ago for 6 million. the machinery can be sold tothe
What accounts for the difference between these two amounts? Explain.
northstate college has a telephone system that is in poor condition. the system can be either overhauled or replaced
the following is a december 31 2013 post-closing trial balance for almway corporation. nbspnbspaccount
Kiki Corporation, a US company, prepares its financial statements under US GAAP. For 2014, the company reported $1,000,000 income and stockholders' equity balance of $8,000,000 on December 31, 2014. In preparation for a possible adoption of IFR..
bull scenario 1 if you were general manager of a division on which three key ratios would you choose to have your units
Garden Depot is a retailer that is preparing its budget for the upcoming fiscal year. Management has prepared the following summary of its budgeted cash flows: Complete the company's cash budget for the upcoming fiscal year.
Assuming that the company can price discriminate between its two types of customers, calculate the profit-maximizing price, output, and profit contribution levels. Calculate point price elasticities for each customer type at the activity levels id..
MRC sells a temporary pass for ten uses of the facility
The transfer of stock from one owner to another requires the approval of either the corporation or other stockholders.
income tax was 303279 for the year. income tax payable was 26951 and 41632 at the beginning and end of the year.
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