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For the year ,cash sales are$300,00 and credit sales are 1,200,000. Management estimates that 1% is the sales percentage to use. What adjusting entry will the company make to record the bad debts expense?
What is pro forma reporting according to regulation SX of the SEC? How has pro forma reporting been used by corporations over the years? Summarize the arguments for and against this type of reporting.
the norman company has just signed a capital lease contract for equipment that requires annual lease payments of 5000
falquez company sells three products r s and t. data for activity of falquez company during july are as follows
Determine the amount of annual depreciation by the straight-line method. Determine the amount of depreciation for the first and second years computed by the double-declining-balance method.
The building cost $600,000 on December 29, 1999, and has been depreciated on a straight-line basis assuming a useful life of 40 years and a salvage value of $100,000. Declining real estate values in the area indicate that the salvage value will be..
you have recently been hired as the assistant controller for stanton industries a large publicly held manufacturing
during periods when costs are rising and inventory quantities are stable cost of goods sold will bea. higher under fifo
On june 30, 2012, mackes company issued 5,000,000 face value of 13%, 20 year bonds at $5,376,150, a yield of 12%. Mackes uses the effective-interest method to amortize bond premium of discount. the bonds pay semiannual interest on june 30 and dece..
Warner Company issued $800,00 of 6%, 10-year bonds on one of its interest dates for $690,960 to uield an effective annual rate of 8%. The effective-interest method of amortization is to be used. What amount of discount (to the nearest dollar) shou..
General Fund and Governmental Activities
do you believe that it is appropriate that we have a single global set of accounting standards as well as one
Assuming that the spot rate in 90 days is $.71, what is the net amount paid, assuming FAB wishes to minimize its cost?
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