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On January 1,2014 a company that prepares financial statements paid rent for 2014 and 2015. The accountant recorded the proper entry on January 1, 2014 but failed to record the proper adjusting entry on December 31, 2014. What will be the effects on the 2014 financial statements
on june 30 2009 metromedia inc. purchased 10000 shares of mitek stock for 20 per share. the following information
describe the accounting controls you would expect to find in the purchasing system of a high street retail company and
Captain Inc. purchases a depreciable asset for $100,000. The life of the asset is 10 years and it has an estimated salvage value of $10,000. Captain Inc. takes a full year of depreciation expense in the year the asset is acquired. Which of the fol..
During 2009, CCP earns an income of $90,000, and Christie withdraws $30,000 in cash from the partnership. In 2010, CCP suffers a loss of $30,000, and Christie withdraws $10,000. What are the tax consequences for Christie of this investment in 2009..
assume that muhammed corporation has a contractual debt outstanding.muhammed has available two means of settlement it
dester manufacturing company makes a product that it sells for 50 per unit. the company incurs variable manufacturing
deckyard company distributes a lightweight lawn chair that sells for 80 per unit. variable expenses are 40.00 per unit
If the cost of goods manufactured during the year amounted to $665,000 and annual sales were $998,000, how much is the amount of gross profit for the year?
What is online sales system, differentiate between physical based and non physical based online sales system - list at least FIVE components of online sales system and brief explain the role of each department.
xyz company deposited 15000 in a bank account in return for issuing shares in the corporation. this transaction would
there is a retail store selling dvds. this business is relatively simple with approximately the same contribution
Following are selected accounts for Green Corporation and Vega Company as of December 31, 2010. Several of Green's accounts have been omitted. Compute the book value of Vega at January 1, 2006
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