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On July 1,2014, XYZ company, a calendar year company, sold special order merchandise on credit and received in return an interest bearing note from receivable from customer. interest rate is prevailing rate for this note. Both the principal and interest are due in one lump sum on june 30,2015.when should company report interest renenue from the note receivable? discuss rational behind it.
matka company began operations in 2010. at the beginning of the year the company purchased plant assets of 450000 with
a.in order to assist the managers and board of management you are compiling a resource which will define the various
snake creek company has one trusted employee who as the owner said handles all of the book-keeping and paperwork for
book value of common stockholders equity of dow chemical december 31 2010 figures in billions. common shares 2.5
Assuming no differences between accounting and taxable income other than those described above, prepare the appropriate journal entry to record Case's 2009 income taxes.
Determine Tonya's adjusted gross income for the current year. I know that the income is limited to the tax benefit from the prior year, but I am unsure of the tax benefit of the prior year, whether you would use all the of $10,000 or if it's limit..
write a 300-word summary that addresses the following criteriadefine statistics.identify different types and levels of
financial data for stirling inc. for last year are as follows stirling inc. balance sheetnbspnbspbeginning nbspnbsp
A public school district formally adopted a budget with estimated revenues of $500 and approved expenditures of $490. Which of the following is the appropriate entry to record the budget?
Determine which expenses are mixed and, by use of the high low method, seperate each mixed expense into its variable and fixed components. state the cost formula for each mixed expense.
Hull Inc. is considering the acquisition of equipment that costs $200,000 and has a useful life of 6 years with no salvage value. The incremental net cash flows that would be generated by the equipment are:payback period of this investment
yu company purchased a producing oil well for 5000000. the well was expected to produce 500000 barrels of oil over its
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