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The Pulahan, Inc. began operating at the start of the calendar year 2014, uses the installment method of accounting:
Installment sales 400,000Gross margin on cost 66 2/3%Inventory, December 31, 2014 80,000General and admin expenses 40,000Accounts receivable, Dec. 31, 2014 320,000
Problem 1: The balance of the deferred gross profit account at December 31, 2014 should be:
Contributed capital: Preferred stock, 8%, 100,000 shares authorized, 50,000 shares issued $2,500,000. What is the Par value for the preferred stock
The bonds were sold for $3,000,000. The value of the warrants at the time of issuance was $100,000. Prepare the journal entry to record this transaction.
Compare and contrast the accounting at the date the stock is issued for the noncompensatory share purchase plan
the purple martin has annual sales of 687400 total debt of 210000 total equity of 365000 and a profit margin of 4.80
The accountant has calculated that the corporation's actual tax liability is only $43,000. What is the correct adjusting entry to reflect this fact
Determine the fixed and variable cost components using the high-low method. Prepare a graph showing the behavior of maintenance costs
Determine the Goodwill assigned to Non-controlling interest at the acquisition date.Determine the schedule of amortization of ECOBV
(a) Explain the primary objective of current purchasing power accounting and outline the basic technique.
July 17 Sold $237,300 in computers and peripherals to The Clark Store with terms of 1/10, n/30. Prepare the necessary journal entries for Lopez Computers
passive action had sales of 360000 during the current period and a gross profit rate of 40. the companys cost of goods
On July 1, 2014, XYZ Containers purchased equipment that has an expected capacity of 300,000 units. What amount would XYZ report as depreciation
Sandhill Co. has net sales of $132,000, cost of goods sold of $60,000, and operating expenses of $22,000. What is its gross profit and its gross profit rate
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