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Problem 1: List the names of the asset, liability and owner's equity accounts, your business would use. Note: The business should have at least 5 asset, 3 liability and 8 owner's equity (with 2 being, owner's name, capital and owner's name, drawings) accounts. Don't forget revenue and expense accounts are considered to be a part of owner's equity as they are used to record current period activity that the owner's equity.
find material usage variance material price variance and material cost variance on the basis of facts which are as
Meger Manufacturing uses the direct labor cost method for applying factory overhead to production. What was Meger's predetermined factory overhead rate?
What would be the equivalent units for conversion for September
Charmed, Inc. had credit sales for the period of $142,000. What is the required journal entry to record estimated uncollectible accounts
Emerson and Dakota formed a partnership dividing income as follows: Annual salary allowance to Emerson of $58,000 Interest of 8% on each partner's capital.
the auto repair shop of quality motor company uses standards to control the labor time and labor cost in the shop. the
Nimoy Inc., purchased their only fixed asset, a widget machine, four years ago for $6 million. Determine the current market value of Nimoy equity
Compute the carrying value of patent No. 758-6002-1A on each of the following dates: December 31, 2011 and December 31, 2015
Assume that Sales Returns and Allowances, Sales Discounts, and Credit Card Discounts are treated as contra-revenues; compute net sales
Question - Blue company purchased a machine on January 1,2017 for 6,000,000. What is the depreciation of the machine for 2020
On April 7, the business provides $2,500 in services to Anne Hill on account. Prepare the journal entries for April
Calculate the convexity for a three-year 5% coupon rate with a face value of $500,000 loan. What is the convexity of the same loan but with amortised payments
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