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Prepare a value added statement for the year ended on 31-3-2012 and also reconciliation and GVA.
Additional information
1) Sales represents net sales after adjusting discount and returns.
2) Bank overdraft is temporary.
3) Operating to cost include Rs 8250 thousands as wages, salaries, and other benefit to employe
Dawson Corporation transferred $80,000 of accounts receivable to a factor without recourse. The factor charged a 12% fee and the companies agreed that $4,000 is a rreasonable estimate for returns and allowances on the accounts. Calculate the amount o..
the mcdonalds corporation is a well-developed multinational company that conducts business in 119 countries and the
Assume Swifty Manufacturing's cost of goods manufactured for 2020 amounted to $1190000. How much would it report as cost of goods sold for the year?
existing customers through its sales force. On January 15, 2011, SSI purchased software to be used specifically in the research process. This particular software had an alternative use in that it could be licensed to and used by others.
MARYSTEEL INC adjusts the LIFO reserve at the end of its fiscal year. Prepare the February 27, 2009, adjusting entry to make the cost of goods sold adjustment.
McAllister's Framing and Art Supplies uses the percentage of sales method of accounting for uncollectible accounts. Prepare the appropriate adjusting entry on December 31, 20-9, and compute net realizable value.
Determine the amount of the annual depreciation. - Determine the book value at the end of the tenth year of use.
Calculate the amounts of the adjusting entries and enter them in the adjustments column.
Stormer Company reports the following amounts on its statement of cash flow: Net cash provided by operating activities was $29,500; net cash used in investing activities was $10,600 and net cash used in financing activities was $12,900.
What potentially effective and absolutely legal methods of managing gross income in order to reduce or defer tax liability are there? Incorporate how this might be planned and executed by the taxpayer.
The December 31, 2014, balance sheet of Giorgio Inc., reported total assets of $1,050,000 and total liabilities of $680,000. The following information relates to the year 2015: Madden Inc. issued an additional 5,000 shares of common stock at $25 per ..
Question 1: How can accounting help manage your personal finances?
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