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Fargo Voice of Fargo, North Dakota, publishes a monthly magazine featuring local restaurant reviews and upcoming social, cultural, and sporting events. Subscribers pay for subscriptions either one year or two y ears in advance. Cash received from subscribers is credited to san account called Magazine Subscriptions Received in Advance. On December 31, 2009, the end of the company's fiscal year, the balance of this account is $840,000. Expiration of subscriptions revenue is as follows:
During 2009 ................$175,000
During 2010 ................ 415,000
During 2011 ................ 250,000
Prepare the adjusting entry in journal form for December 31, 2009.
the company's stock price is in a downward trend. Explain how would an auditor interpret this negative information with regard to a potential audit client? Explain how would your answer be different if this was a continuing client?
Compute the following (a) the margin of safety in dollars and (b) the margin of safety ratio.
Elucidate how the use of the losses in Part a would change if instead Raider were a partnership, and Monte and Allie were partners who shared profits, losses, and liabilities equally.
calculation of cash received from customers.the following balance sheets are provided for victor foodsnbspend of
Create an inventory purchase budget using the sales manager's estimate. and create an inventory purchases budget using marketing consultants estimate.
cyndi corporation reported net accounts receivable on its september 30 2008 balance sheet of 54320 this amount is net
If $1,000 is the present value of $1,250 to be received at the end of two years, what is the one-year discount factor (to the closest hundredth of a percentage point)?
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Evaluate Andreas basis in the partnership interest at the starting of the year
decision making as to process further or sale out.sonimad sawmill manufactures two lumber products from a joint milling
Fielder co obtained land by issuing 2,000 shares of its 10 par value common stock. The land recently appraised at 85,000 the common stock is actively traded at 40 dollars per share. Prepare journal entries to record acquisition of the land.
Which of the subsequent groups constitute a controlled group? (Any stock not listed below is held by unrelated individuals every owning less than 1% of the outstanding stock.) For brother-sister corporations, which definition applies?
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