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Question - BL Company started business on September 1. BL had credit sales of $200,000 in September and $300,000 in October. The pattern of collection of cash from customers is expected to be 40% in the month of the sale, 50% in the month following the sale, and 7% in the second month following the sale, with 3% uncollectable. How much cash did BL receive from customers on account during October?
Palm Ltd sold a vehicle to Canola Ltd for $100000. Prepare the journal entries required to eliminate the intra-group transactions above
Analysis of Transactions
If internal audit resources are limited to conducting only one audit at a divisional location, should a high risk process that was audited last
at the beginning of the recent period there were 900 units of product in a department one-third completed. these units
Whereas Kiram Corp. depreciates its plant assets over a 20-year life. Discuss the implications has for comparing the results of the two companies.
Prepare the supporting schedule that should accompany the statement of cash flows in order todisclose the non cash aspects of the company's investing and financing activities.
in 2013 chirac enterprises issued at par 75 1020 7 bonds each convertible into 110 shares of common stock. chirac had
the management of martinez manufacturing company has asked for your assistance in deciding whether to continue
Circle Co. purchased a piece of equipment by paying $10,000 cash. Circle Co. also incurred a shipping cost of $600 to get the equipment back to its factory. The fair value of this equipment is $11,000. For what amount should Circle Co. record the ..
Cash Budgeting Kylles Inc., How much interest would Kylles owe in April, assuming that the entire amount borrowed in March would be paid back?
What is callable preferred stock? Why do corporations issue such stock? Given the different features that are associated with stock (callable, cumulative, preferred, etc.), what type of stock would you want to buy personally and why?
Acquired land by issuing common stock of par value $100,000. What is the net cash provided (used) by investing activities
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