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Internal auditors for Rockford Products discovered in early 2011 these errors and ommissions in their review of the 2010 financial records. A material liability for salaries of 13,000 at December 31,2010, was not recorded. The salaries were changed to salary expense when paid.
Equipment costing 5,500 was purchased without first securing a competitive bid, in violation of company policy. Prior years depreciation expense was materially understated by 13,500 due to a computation error.Prepare any necessary journal entries required ass a result of the findings of the internal auditors. Ignore income tax effects.
Dirt Bike Co in Japan has a division that manufactures two-wheel motorcycles. Its budgeted sales for Model G in 2003 is 800,000 units. Dirt Bike's target ending inventory is 100,000 units, and its beginning inventory is 120,000 units.
the following items appeared in the accounting records of trigueros a retail music store that also sponsors concerts.
MBA 640 Exam 1, Spring 1, 2014, Determine the net income for the month of December and for the month of June.
eckert company is involved in producing and selling high-end golf equipment. the company has recently been involved in
What are some examples of basic entries to record transactions used in your organization? In your response, you are not required to journalize these entries.
1. what are the similarities and differences between personal property real property intangible property and natural
Calculate the predicted quality cost savings from the design engineering work.
In addition to the accounts listed above, Truex also had a Cash account. What is the amount of that Cash account as of May 1?
Johntech accounted for the lease as a capital lease and recorded an asset and a liability in the financial records. The asset recorded under this lease should properly be amortized over:
please explain the cost-volume-profit analysis model and discuss how it can be
One idea that the consultant had was to reduce prices to bring in more customers. If average prices were reduced ten percent (10%), and the number of sales tickets (unit sales) increased to 7,500, would the company's income be increased? With prices ..
on april 1 2011 warm universe issued 8 bonds dated april 1 2011 with a face amount of 10000000. the bonds mature in
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