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1. The ledger of Swann Company contains the following balances: D. Swann, Capital $30,000; D. Swann, Drawing $2,000; Service Revenue $50,000; Salaries Expense $27,000; and Supplies Expense $4,000. Prepare the closing entries at December 31.
a fertilizer manufacturing company wants to relocate to jones county. a report from a fired researcher at the company
1.On July 15, 2013, the Nixon Car Company purchased 1,000 tires from the Harwell Company for $50 each.
collins office supplies is considering a more liberal credit policy to increase sales but expects that 9 percent of the
What are the advantages and disadvantages of the US GAAP bright line approach versus the IFRS conceptual approach in determining the classification of a lease?
it costs mackey company 22 of variable and 15 of fixed costs to produce one panini press which normally sells for 57. a
Write a one- to two-page paper that discusses the impact that regulations, accounting and audtiing standards, emerging issues, and the business environment have on ethics.
What are the differences in the cash flow concepts and procedures between the direct and indirect methods - What is the operational cash flow and what is the financing cash flow?
sovereign millwork ltd. produces reproductions of antique residential moldings at a plant located in manchester
For the tax year, Susan had salary income of $19,000. In addition, she reported the following capital transactions: Long-term capital gain $2,000; Short-term capital gain $4,000; Long-term capital loss -$7,000; Short-term capital loss -$3,000. The..
An amount of $113,000 realized in excess of the cash surrender value of an insurance policy on the life of one of the founders of the company who died during the year.
during its assessment of the accounts payable department the internal audit function identified the following
Due to an increase in demand, the company estimates that sales will increase by $53,000 during the next year. By how much should net operating income increase (or net loss decrease) assuming that fixed costs do not change?
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