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Question - 1. On September 1, 1995, Dahlia Co. received a 6-month note from a customer amounting to 300,000 with a 10% interest. The entries made to record interest income on December 31, 1996:
Accrued interest receivable 5,000
Interest income 5,000
2. On September 1, 1995, Dahlia Co. received a 6-month note from a customer amounting to 300,000 with a 10% interest. The entries made to record interest income on December 31, 1996 are as follows:
Accrued interest receivable 30,000
Interest income 30,000
Prepare the adjusting entries at the end of the year of (1) and (2), assuming the nominal accounts are (a) still open, and (b) closed to capital account.
Hilbert Company recorded operating data for its shoe division for the year. The company's desired return is 5%. What is the controllable margin for the year
Wyatt, Inc. owns a delivery van which he purchased for $50,000. After depreciation of $30,000 had been deducted, the van was traded-in for a new van.
Allowance for Doubtful Accounts has a credit balance of $1,500 at the end of the year (before adjustment), and an analysis of customers" accounts indicates doubtful accounts of $17,900. Which of the following entries records the proper provision f..
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Considering the five (5) forces of competition, choose the two (2) that you estimate are the most significant for the corporation you chose.
The facility did 40,000 rounds of golf last year and received $200,000 in revenue from Merchandise sales. What was the Cost of goods sold as a % of sales
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He has AGI of $51,000 and paid $6,300 to a qualified day care center. What amount of credit can Kobe receive for the child and dependent care credit
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