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Explain what type of audit report is used when The entity would not allow the CPA to confirm any of the accounts receivable. All other procedures were performed as considered necessary and no other issues were encountered, but the CPA was unable to satisfy themselves with regard to the balance in accounts receivable. Assume that the accounts receivable comprised 40% of the total assets of the entity?
Kettle goods company has a unit selling price of 500 $, variable cost per unit $ 300 and fixed costs of $170,000. Compute the break even point in units and in sales dollars.
Of the amount paid, $30,000 was for expenses incurred on account in 2010. In addition, Leno incurred $142,000 of expenses in 2011 which will not be paid until 2012.
Jack's Dance Company provided you with the information, from which you are to prepare the 2009 October bank reconciliation as well the corresponding entries to make the books correct and complete
Calculate the net earnings after tax under each plan and show all of your calculations clearly.
Assume that the County of Katerah maintains its books and records in a manner that facilitates preparation of the fund financial statements. Prepare the necessary entries for the current fiscal year.
bonnie has determined the following labor costs associated with her business bonnie manufacturing inc sales commissions
Sandy Johnson owns a small variety store. The following transactions took place during March of the current year. Journalize the transactions in a general journal using the perpetual inventory method.
After thirty days, Primo's did not have the cash for payment; therefore, Primo's offer Mulkey a four-month note with 11.5% interest, all payable at the end of the term of the note. Please record the appropriate journal entry establishing the note ..
In April, a month of low activity, 2,000 machine hours were run and power costs amounted to $6,000. Using the high-low method, the estimated fixed cost element of power costs is
assume youve been recently hired as the financial analyst of company d ltd which was recently formed to manufacture the
A primary characteristic that distinguishes governmental entities from business entities is:
Accounts receivable of $14,800 (gross) are factored with Andrew Jackson Credit Corp
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