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Pat's Electronics Division sells computers through agents in various cities. Agents send orders and down payments to our company. The division then ships the goods F.O.B. shipping point directly to the customers. Revenue is recognized at the point of sale. Additional Financial Data: Orders for fiscal year 2012 $ 3,000,000 Down Payments collected in 2012 $ 300,000 Billed and shipped in 2012 $ 2,400,000 Freight billed in 2012 $ 70,000 Commissions paid to Agents 10% Warranty Returns as % of Sales 1% Please Calculate the revenue to be recognized in fiscal year 2012 for each division of Patty Corporation in accordance with generally accepted accounting principles.
the balance sheet of watson company as of december 31 19x1 follows. watson company balance sheet december 31 19x1
Crockford Company's working capital is $272,000 and its current liabilities are $340,000. What is the company's current ratio close to?
How many boxes should be produced in 2012?
How much can Nick deduct if he is not covered by an employer-sponsored qualified retirement plan - how much can Nick deduct if he is covered by an employer-sponsored qualified retirement plan?
Karl pearson coefficient of skewness of distribution is +0.32.its standard deviation is 6.5 and mean is 29.6. Find the mode and median of the distribution.
An exempt organization
paris corporation holds a 100000 unrealized net capital gain and a capital loss carryforward that will expire in the
paul and paula petroceli were trying to decide whether to go to the symphony or to the baseball game. they already have
Dunn Corporation's taxable income is less than $40,000. The corporation is not eligible for the AMT small corporation exemption. The CPA preparing the return does not calculate the AMT because he knows that taxable income is less than the AMT stat..
you are considering two investments a and b. both investments provide a cash flow of 100 per year for n years. however
which of the following statements concerning audit evidence is true?a clients accounting data can be sufficient audit
dugan company applies manufacturing overhead to jobs on the basis of machine hours used. overhead costs are expected
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