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Question: A sole trader Blake, operating company ABC has some business losses, and as a result does not have enough money to pay for a supplier. As a result, he invests an additional $ 100,000 on 28 March 202X.On June 202X, Blake also contributes his new car to the company He just bought this car a week ago at $ 40,000, but due to the company needs , he decides to transfer the car ownership to the company how to put in general journal
The framework used to record and summarize the economic activities of a business enterprise is referred to as the accounting equation. State the basic accounting equation and define its major components.
For the month ended January 31, determine Aricanly's cost of goods sold. The information is available for Aricanly Manufacturing Company
Carlton Corporation sells a single product at a selling price of $63 per unit. Variable expenses are $41 per unit and fixed expenses
Assuming a 30% tax rate, what amount was deducted for depreciation on the corporation's tax return for the current year?
Determine the inventory lost by flood using the Gross Profit (Margin) Method, assuming a beginning inventory of $30,000 and a gross profit (margin)
You plan to deposit the money in a bank that pays 4% interest, and you will make the first deposit at the end of this year. How much will you have after 5 years
Frederick Company utilizes a JIT production system and there are no Raw Materials, Determine the breakeven point in units
Best made income tax payments totaling $210,000 during the year and has an income tax rate of 40%. What was Best's net income for the year
The company reported the following on its December 31, 2021 balance sheet: Income tax receivable $16,250. What is all tax related journal entries for 2022
if an asset costs 240000 and is expected to have a 40000 salvage value at the end of its ten-year life and generates
allows qualified pass-through entities such as S corporations or partnerships to elect to pay what percentage of state income tax
Retained earnings $46,000, Rent expense $18,000, Revenues $101,000, and Salary expense $60,000. How much are total assets?
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