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Question: Sales deposit received from Phil Lambert of $50,000 for property he is purchasing at 3 Sun Place, Richmond - vendor Harold Hoskin. Payment was received by EFT.
Is it required Bank deposit? if yes- give details, if no- state
(if it paid by EFT, does it mean the money directly go into the trust account? )
polk company builds custom fishing lures for sporting goods stores. in its first year of operations 2012 the company
Metro Bus Company had $400,000 of revenue and $401,000 of expense (including depreciation) for the current year resulting in a $1,000 net loss. All revenues were received in cash. What is the difference between cash flow and net income? Evaluate mana..
Pay interest annually on December 31. The bonds are measured at amortized cost. What amount should be reported as interest income for 2020?
Determine the net income that Wildhorse Company reported for December 2020. Wildhorse reports financial information monthly.
How much is the total interest income should ABC Company report in its profit or loss for the year ended December 31, 2022
The chemical is purchased 10 kilogram canisters for $95 each. The firm 2 uses 4 800 canisters per year. Determine the optimal order quantity
Compute and journalize the initial carrying amount of the bonds on March 1, 2021. Thurman Co. issued 12%, four year 1,000,000 at 98 including accrued interest.
Do you think that the cost of the government bailouts was worth it? Do you think that the initial response was necessary to prevent a collapse
What advice would you give the company President about starting a fringe benefit program for the employees? What are some of the tax benefits
Cambridge Company's president receives a $150,000 base salary and a bonus of 0.5% of sales for the year. How much will the president earn at a sales level of $3,000,000 for the year?
Rucker Company, a manufacturing firm, has supplied the following information from its accounting records - What was the cost of direct materials used in April
Why should choose the cash basis accounting instead of the accrual basis accounting? Many people feel that accrual basis accounting leads to more accurate.
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