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(a) Assuming no Securities Fair Value Adjustment (Available- for-Sale) account balance at the beginning of the year, prepare the adjusting entry at the end of the year if Laura Company's available-for-sale securities have a market value $60,000 below cost.
(b) Assume the same information as part (a), except that Laura Company has a debit balance in its Securities Fair Value Adjustment (Available for-Sale) account of $10,000 at the beginning of the year. Prepare the adjusting entry at year-end.
If total fixed costs are $50,460, how many games need to be sold in order for the company to break-even?
What would be the effect of the project on 2009 operating income under the percentage-of-completion method and the completed contract method?
Problem 1: From the following data, prepare a bank reconciliation and determine the correct available cash balance for Reed Company as of 2010 October 31.
in 2017 the d.h. lawrence co. had credit sales of 750000 and granted sales discounts of 15000. on jan. 1 2017 allowance
The incremental net income (loss) from the choice of reworking the units would be:a. $5,800.b. $0.c. ($2,800).d. $10,100.e. $2,800.
at july 31 kuhlmann company has the following bank information cash balance per bank 8042 outstanding checks 785
An aging of accounts receivable indicated that $192,000 are expected to become uncollectible. The amount of the adjusting entry for bad debts at December 31 is
in 2011 nina contributes 11 percent of her 122000 annual salary to her 401k account. she expects to earn a 8 percent
the manufacturing division of an electronics company uses activity-based costing. the company has identified three
1.The Horstmeyer Corporation commenced operations early in 2013.
corin corporation is considering the purchase of a machine that would cost 420000 and would last for 8 years. at the
the following data relate to factory overhead cost for the production of 4000 computers actual variable factory
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