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Question - At the end of 2021, Lunar Company reported the following amounts on its balance sheet:
Cash 27600
Accounts Receivable 129100
Equipment 78,300
Land 250,000
Accounts payable 105,000
Common Stock 200,000
Retained Earnings 180,000
Stockholders' equity 310,000
Cash dividends 15,000
Assume that Lunar's stockholders' equity on January 1, 2021 was $310,000. Lunar did not issue common stock during the year, but it paid $15,000 cash in dividends. How much is Lunar's net income or loss for 2021?
Monson sells 25 units for $45 each on December 15. Monson uses a perpetual inventory system. Find the costs assigned to the December 31 ending inventory
jorge company bottles and distributes b-lite a diet soft drink. the beverage is sold for 60 cents per 16-ounce bottle
Based on the above information, what is the income statement for the month of March. what is the cost of goods manufactured report
Sharp tables produces go carts designed to a customers specification with the customers logo. How much is the cost of Job 65
Potential deductions are charitable contributions of $800, personal property taxes on her car of $240, How will items affect Nanette Federal income tax return
John's car was completely destroyed by fire in 2010. Its cost and fair market value were $8,000. John's claim against insurance was $3,000 and was NOT made until 2011. The following year, 2011, John settled with the insurance company for $2,000. W..
California Company reported total stockholders' equity of $1,500,000 at December 31, 2011. Comte the times interest earned ratio
Explain what the revenue recognition principle is and explain what the matching principle is.
The unit variable costs for the product are $0.25 for materials and $0.05 for labor. At what price All Citrus Industries be selling its product
Compute earnings per share as it should be shown on the face of the income statement
Under section 43B, Clause N0-21 provides that the details of various payments are allowed as deductions only if they are actually paid but, where if the assessee follows the ________, the payments can be claimed on due basis.
In its 2004 income statement, what amount of interest expense should Gonzalez report from this lease transaction?
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