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Question - Komiko corporation pirchased trading investment bonds for $33,000 at par. At December 31, Komiko received annual interest of $1,720. Prepare komiko journal entries for (a) the purchase of the investment (b) the interest received and (c) the fair value adjustment. (Assume a zero balance in the fair value adjustment account.
The net realizable value at year-end was cameras $72, Blu-ray players $68, and iPods $77. Determine the amount of ending inventory
Briefly explain the difference between the direct method and the indirect method of cash flow statement
the united world corporation has three
paymore products places orders for goods equal to 80 of its sales forecast in the next quarter. the sales forecasts for
What is the present value of $359,000 that is to be received at the end of twenty-three years, the discount rate is 11 percent, and semiannual discounting occurs?
X Ltd purchased a new motor vehicle for $50 000 less a trade-in allowance of $10 000 on its old vehicle. What is the cost of the new vehicle for accounting
Seven thousand shares of common stock have been outstanding the entire year. Prepare a 2019 statement of comprehensive income
gary and gerdy gray purchased a home for 125000 on september 15 2010. on october 7 2011 they were divorced and as part
Prepare the entries that are necessary on April 3, 2021. Show a check of the amount recorded for the new cutter
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Balance in the supplies account is $1,000. What is the adjusting journal entry to update the supplies balance
What are the factors that affect the spending variance for variable manufacturing overhead
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