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Kerry Corp purchased a used bottling machine from Bob's Bottling Inc. on Jan 1, 2012 for $2100000. Bob accounted for the sale correctly under the installment sales method. It had a book value of $1575000. Kerry paid with $300000 cash and a note for $1800000 with an annual interest of 10%. Kerry agreed to make equal annual payments of $600000. Kerry Corp made their first payment on Jan 1, 2013 of $780000 which included interest of $180000 to date of payment. As of Dec 31, 2013 Bob has deferred gross profit of ?
Three different plans for financing a 10,000,000 corporatio
With a good understanding of the requirements document, an understanding of the necessary decisions, and a sketch of the worksheet, the next step is to ____.
as a recently hired accountant for a small business bearing inc. you are provided with last years balance sheet income
on december 312010 dow steel corporation had 600000 shares of common stock and 300000 shares of 8 noncumulative
Activity-Based Costing
Does the concept of materiality mean that financial statements are not precise, down to the last dollar? Does this concept make financial statements less use full to most users?
Prepare a written paper describing your corporation and summarizing the findings you have developed
midstate university is trying to decide whether to allow 100 more students into the university. tuition is 5000 per
Determine what is the full disclosure principle in accounting and explain why has disclosure increased substantially in the last ten Years?
Analyze the need for unbiased financial reporting. Based on your analysis, determine at least two (2) drivers that may cause financial reporting to be biased. Provide a rationale to support your response. Analyze the audit opinion formulation process..
Discuss whether Loewen Group expansion from funeral homes to cemeteries affected its horizontal or vertical boundaries or both.
On January 1, 2009, Roosevelt Company purchased 12% bonds, having a maturity value of $506,000.00, for $524,700.75. The bonds provide the bondholders with a 11% yield.
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