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Question 1: Make necessary journal entries for the following.
a) $800 receivables of XYZ Co. is proved to be doubtful which $150 of it is granted portion.
b) XYZ Co. collected $100 from the granted portion.
c) XYZ Co. collected $300 more and the rest is proved to be uncollectable.
financial statements of the subsidiary and the parent are consolidated.
An investment project costs R10 000 with annual cash flows of R2 000 for 6 years. Calculate the discounted payback period if the discount rate is 15%.
Stanley Roper has $2,500, What interest rate would the investment have to yield in order for Stanley's brother to deliver on his promise?
A statement showing Ssemakula's adjusted cashbook balance as at 30 June 2001. A bank reconciliation statement as at 30 June 2001.
The Roe, Soh, and Tow Partnership earned $150,000 of net income for the year. The partnership agreement states the following regarding the allocation of net income: Show the entry made to close income summary to partner capital.
A patent is purchased for $40,000 by a company that estimates that the patent has a useful life of 5 years. Because the majority of intangibles are amortized on a straight-line basis.
What are the main roles that financial intermediaries play in the financial system? What is the relationship between the efficiency of a financial system
cost of goods maufactured? direct labor cost? direct materials cost? manufacturing overhead applied? manufacturing overhead was (how much) over or under applied?
What kind of lease is this to Lucas? Describe and show how the lease payment was evaluated
Long Horn Medical Services is considering an investment of $100,000. Data related to the investment and present value factors are as follows: The investment's net present value is:
Is there a difference between certified public accountants' ethical code of standards and code of professional conduct? Please elaborate your response.
If Xul's total assets decreased by $90,000 during the year and shareholders' equity increased by $120,000, what is the amount of total liabilities at end year
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