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Some of the transactions that red wine cellers co. had during the fiscal year 2020 are the following:
1) dividend for the year were of 100000
2) sales revenue was 750000
3) expenses amounted to 500000
4) shares issued and sold for 200000.
Problem 1: given the above transaction what will be the change in owners equity at the end of the year
During 2017, Safe sold services to Prelude for $1,000,000. Calculate Prelude Company's equity in net income for 2017
Identify the performance obligations and the revenue in 2017, assuming the performance obligations are interdependent
It is January 2nd and senior management of Chester meets to determine their investment plan for the year. They decide to fully fund a plant and equipment purchase by issuing $10,000,000 in bonds.
An audit client is being sued for $500,000 for discriminatory hiring practices.
The interest is payable annually on April 1. Prepare the journal entry for the issuance of the bonds and on the first interest payment date
What in the revised estimate of the total compensation? What action will be taken to account for the options in 2017?
The sinking fund cash is used to acquire AB Company 12% bonds of P500,000 face value, Prepare journal entries to record the transactions
Chipata incurred 26,200 machine-hours and $11,300 of manufacturing overhead. What was Chipata's underapplied or overapplied overhead for the year?
Compute the amount of Coaches and Carriages' net income (or loss) for 2009 assuming that no dividends were paid and the owners made no additional contributions during the year.
The following normal account balances were found on the general ledger before closing entries were prepared: What is the balance in the Revenue account
1. why was the sarbanes-oxley legislation passed in 2002 and what are its implications for the accounting profession?2.
a determine the cost of each of the three issues under a perpetual system using the first-in first-out method. b
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