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On January 1, 2020, Amazon sells 1000 Amazon prime annual subscriptions to 800 customers receiving $119 from its customers for each subscription.
Problem 1: Prepare the appropriate journal entries that Amazon would record on January 1, 2020, and January 31, 2020, related to its subscription sales.
Assuming the lawsuit was resolved in February of 2012 (at which time a $200,000 loss was recognized for tax purposes) and that Begal's tax rate is 30 percent for both 2011 and 2012, what amount should Begal report as asset for net deferred income ..
Find what amount should have been reported as variable costs in the Company's contribution margin income statement for the year in question?
Explain in detail a post-closing trial balance, how it relates to the practice of accounting and its uses in business?
Calculate the unit production for materials and conversion costs
what is the forecast for may based on a weighted moving average applied to the following past-demand data and using the
Reversing Rapids Co. purchases an asset for $181,024. Calculate tax credit on disposal. Round the answer to two decimals
On January 15, sold 3,100 shares of Anderson's common stock at $23 per share less fees of $2,300. Prepare the entry for the security sale on January 15, 2018
The commercial loan officer of Topeka National Bank requested the following financial reports for the last 2 fiscal years. Compute items for Sage Corporation
Twenty days later he purchased 100 shares of the same stock for $8,500. What is Juan's realized and recognized loss
In the beginning of 2012, Ken Corp changed its salvage value of equipment from 3 to 5 years. The change is material in the financial statements.
On August 1, 2012, White Co. acquired Black Co. bonds with a face value of P90,000 at 95 plus accrued interest. Prepare entries related to the bonds for year
Compute the ROI for each company. Use the DuPont method to decompose ROI into ROI = profit margin * asset turnover.
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