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Time Traveler Magazine completed the following transactions during 2016:
Oct 31: Sold one-year subscriptions, collecting cash of $1,750, plus HST of 13%.Dec 31: Remitted (paid) HST to Canada Revenue Agency (CRA).Dec 31: Made the necessary adjustment at year-end.
Question (a) Journalize these transactions
Question (b) report any liability on the company's balance sheet at December 31st.
Make a required schedule to determine the controlling interest share of the consolidated net income for 2013, 2014, and 2015.
AP On June 1, Marchon Company Ltd. borrows $60,000 from Acme Bank on a 6-month, $60,000, 8% note. The note matures on December 1.
inventory errors the net income per books of adamson company was determined without knowledge of the errors indicated
Complete a financial analysis of Longs Jewelers including a cash flow statement and ratio analysis and discuss your findings.
On a bank reconciliation, the amount of an unrecorded bank service bank service charge should be:
Rivendell Corporation and Foster Company merged as of January 1, 20XX. To effect the merger, Rivendell paid finder's fees of $40,000, legal fees of $13,000, and stock registration fees of $10,000. Based on the preceding information, under the acquisi..
The tax rate is 34 percent and the required return on the project is 12 percent. What is the operating cash flow for the project in year 2?
Identify the issues that Dave must consider in deciding on the price of each level of service of his car wash. Also discuss what issues he should consider in deciding on what levels of service to provide.
Prepare the journal entries necessary to record issue of the new bonds and the refunding of the bonds.
Local university for a cost of $1,500. To maximize her taxes, should she take a tuition and fees deduction or an education credit? (Assume a 15 percent tax)
Effect of Doubtful Accounts on Net Income During its first year of operations
Additional facts are available for preparing adjustments on March 31 prior to financial statement preparation - the March 31 amount of computer supplies still available totals $2,015 and three more months have expired since the company purchased its..
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