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Question - On December 1, 2015, Parsons Inc. sold machinery to a customer for $20,000. The customer could not pay at the time of sale, but agreed to pay 9 months later, and signed a 9-month note at 9% interest. How much interest revenue was earned during the year 2016?
$1,200
$1,600
$900
$1,800
A tile manufacturer has supplied the following data. Calculate the company's unit contribution margin. Calculate the company's contribution margin ratio.
Your report must describe the issues surrounding the company and any company policies in relationship to the impact those might have on public audits/accounting
What will Meyer record on it balance sheet as the cost of the land
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The corporation paid Patrick a salary of $360,000 during its fiscal year ending October 31,2009. How much salary must Gander pay Patrick during the period November 1 through December 31, 2009, to permit the corporation to continue to use its fisca..
The Abbott Corporation sells merchandise on the installment basis, and the uncertainties of cash collection make the use of the installment sales method of accounting acceptable. The following data relate to two years of operations.
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