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The Loban Company purchased four cars for P 9,000 each, and expects that they would be sold in three years for P1,500 each. The company uses group depreciation on a straightline basis. Required
Problem 1. Prepare journal entries to record the acquisition and the first year's depreciation.
Problem 2. If one of the cars is sold at the beginning of the second year for P 7,000, what journal entry is required?
Jared holds the property through the end of the year and in hopes of building a residence on it. How much income do Ivanka and Jared recognize in current year
Revenue $36,000, Utilities expense $400, Wage expense $9,800 and Dividends $2,200. What is the company's net income for the month
pretend your client is the owner of a privately held manufacturing company with two operational subsidiaries.your
Jameson company manufactures shirts. During June, jameson made 2,000 shirts, Calculate the direct labor cost variance
Assuming the employee was a CPA and knew that the use of MTM accounting was beyond the scope of the SEC approval parameters, do you believe that the employee had a responsibility to report the behavior to the audi committee? Why or why not?
The following accounts were included on Retail Consultants adjusted trial balance at December 31, 2020: What are total current liabilities
Interest receivable of $200 was accrued on the note on December 31, 2020. Record receivables transactions. Assume Durand has no stated return policy
Prepare all journal entries to record the preceding information. How the accounts related to BBB's factoring and assignment agreements be reported on BBB's year end financial statements
Evaluate the philosophy of public finance, Compare and contrast governmental accounting with non-governmental accounting
There were no sales from Pot to Skillet.Intra-entity sales had the same markup as sales to outsiders. Pot still had40% of the intra-entity sales as inventory at the end of 2011. What areconsolidated sales and cost of goods sold for 2011?
at the begining of the year manufacturing overhead for the year was estimated to be 702450. at the end of the year
Set up an income statement and a cash flow statement (use two columns on one page) for Montejo. What is the expected cash flow from operations?
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