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Question - Prepare Cash Flow Statement.
Company began cash balance with 13000.
1) Shareholder Contributed 7000 in Cash
2) Services Performed, Received 4000 in Cash and 1000 as receivable
3) Incurred Expenses of 4000, Paid 3000 in cash and 1000 is still payable
4) Purchase Machinery for 10000. Paid 3000 in Cash and signed long term payable for the remainder amount
5) Paid Shareholders dividend of 1500.
Describe how a job order cost system facilitates understanding how much it cost to produce a given unit of product for example, a machine or a house.
nanki corporation purchased equipment at the beginning of 2012 for 650000. in 2012 and 2013 nanki depreciated the
3. Assume that the company produced the equivalent of 10,000 units of product during the year. What was the average cost per unit for direct materials? What was the average cost per unit for factory depreciation?
Journalize the entry Escape used to write off customer Ken Ford for $50. (the $50 is included in the 1700 total written off). The balance in Accounts Receivable on December 31, 2011, is. Journalize Escape's adjusting entry to record bad debt expense ..
Sagan Co. had these transactions during the current period. June 12 Issued 80,000 shares of $1 par value common stock for cash of $300,000.
David organizes White Corporation with a transfer of land (basis of $200,000, fair market value of $600,000) that is subject to a mortgage of $150,000.
OFDC Ltd offered 2.25 per share dividend this year and suppose this payment remained constant forever. Calculate the present price that you would like to pay for an OFDC's share if the discount rate is 8%
It is December 31, 20x9 and TZ Corporation is making their necessary year-end adjusting entries. Their accountant is unsure how to properly adjust.
Are there any provisions that a company can take to avoid a big hit from audit findings for income taxes in future financial reporting periods - sort of a temporary holding accounts?
X Company is considering buying a part next year that they currently produce
A company issues $20,000,000, 7.8%, 20-year bonds to yield 8% on January 1, 2007. Interest is paid on June 30 and December 31. The proceeds from the bonds are $19,604,145. What is interest expense for 2008, using straight-line amortization?
Discuss the differences between Pro Forma budget analysis and capital budget analysis. In your forecasting for your new company which one will you use and why?
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