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You are a sole proprietor. This year you incurred an expense of $152 for office supplies, but you have lost the receipt. Will you deduct this expense on your tax return? Explain your reasoning briefly.
Suppose that fixed costs for the year are 10 percent lower than projected, and variable costs per unit are 10 percent higher than projected. Waht impact will these cost changes have on operating profit for the year?
Prepare an income statement for the year ended December 31, 2011, and a balance sheet as of December 31, 2011 and prepare all journal entries to record the information for 2012. Also prepare any necessary adjusting entries.
The bonds were sold to yield 7%. The fiscal year of Cramer Company ends on December 31. Explain how much interest expense will Cramer Company report in its December 31, 2011, income statement
On December 31, 2014, Hattie McDaniel Company had $1,203,100 of short-term debt in the form of notes payable due February 2, 2015. On January 21, 2015, the company issued 25,830 shares of its common stock for $38 per share, receiving $981,540 proceed..
Prepare the income statement, statement of stockholders' equity, statement of cash flows, balance sheet; all in proper form You have the option of preparing a statement
assume sam sell 2500 books on account for 11 each cost these book is 16500 on 10th october 2012. one hundred of these
What is the trend, in each company, in total revenues over the three years and what is the trend in profit margin over the three years?
Provide an example of resources that are temporarily restricted as to (a) purpose, (b) time, and (c) occurence of a specific event. Provide an example of permanently restricted resources.
allocations schedule and sampa consolidation journal entry.on january 1 2009 pampas company acquired 80 of smith
Identify relevant sections of the Corporations Act 2001 (Cth) and apply these to the facts and identify and discuss at least two relevant cases.
nemani corporation is projecting a cash balance of 31785 in its december 31 2013 balance sheet. nemani schedule of
jamestown ltd balance of non-current assets total was 7.5 million at 1st january 2016 and closing balance was 6.4
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