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Extracts from the Statement of Financial Position for Unicorn Ltd at 30 June 20X1 showed the following assets and liabilities.
20X1
Assets
Accounts receivable 510,000
Allowance for doubtful debts (25,000)
Prepaid insurance 31,000
Plant 650,000
Accumulated depreciation (250,000)
Liabilities
Provision for long service leave 210,000 Additional information
Problem 1: Prepare the deferred tax worksheet and journal entries to adjust deferred tax accounts.
Checking account balance $939,320; certificate of deposit $1,445,300; cash advance to subsidiary of $982,280; utility deposit paid to gas company $198. what is the cash balance.
Calculation of the total annual inventory costs? Calculation of the number of orders to be placed? Calculation of the Economic Order Quantity?
Coswell Company produces plastic that is used for injection-molding applications such as gears for small motors. In 2011, the first year of operations, Coswell produced 4,300 tons of plastic and sold 3,440 tons. In 2012, the production and sales resu..
Rosewood Corporation produces a single product. The following cost structure applied to its first year of operations: Variable costs: SG&A $2 per unit Production $4 per unit Fixed costs (total cost incurred for the year): SG&A $14,000 Production $20,..
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Prepare the entries of ABC Ltd on the basis of settlement date accounting. ABC Ltd is an investment company that trades in shares
What are the cost of goods manufactured and cost of goods sold? Change in work-in-process inventory $195 increase. Change in finished goods inventory $345.
Do you consider CHN Ltd. to be a volatile and risky investment? Why or why not? Please calculate the Coefficient of Variation (CV) as part of your response.
How should we allow for depreciation in making this capital investment. What is the significance of the Australian Tax system for our company when it makes capital-budgeting decisions. What is the amount of the initial outlay. What is the relevant am..
Evidence that a mutual fund has performed extraordinarily well in the past contradicts the efficient market hypothesis. False - True + explenation
Raymond, a senior auditor in charge is called upon to audit a client, Mitsui Motors, which manufactures and supplies automobile parts all over the country.
Evaluate the gain of loss on sale of the 20% interest and prepare the journal entry to record the sale. the balance in purple's investment in Silver account as December 31, 2010.
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