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1. Gordeeva Corporation began selling goods on the installment basis on January 1, 2010. During 2010, Gordeeva had installment sales of $150,000; cash collections of $54,000; cost of installment sales of $102,000. Prepare the company's entries to record installment sales, cash collected, cost of installment sales, deferral of gross profit, and gross profit recognized, using the installment-sales method.
Roth Inc. has a deferred tax liability of $68,000 at the beginning of 2011. At the end of 2011, it reports accounts receivable on the books at $90,000 and the tax basis at zero (its only temporary difference).
a business is purchased for 250000. the fair market value of assets are equipment 90000 building 135000 and goodwill
maffei company which has only one product has provided the following data concerning its most recent month of
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harry and mary prodigious are married filing jointly and have 12 children. six of the children are under the age of 17
Glitter Girl, Inc. recognized net income of $150,000 including $26,000 in depreciation expense.
the baldwin company will sell 100 units x1000 of capacity from their brat product line. each unit of capacity is worth
Prepare journal entries on Roller Corporation's books relating to its investment in Steam Company for each of the three years, assuming it accounts for the investment using the equity-method.
1.as part of the initial investment a partner contributes equipment that had a cost of 50000 and accumulated
the southeastern companys manufacturing costs for the thirdnbspnbspquarter of 2008 were as follows depreciation and
you have been asked to help your classmate who was just offered a professional soccer contract with selecting her
shady lady sells window coverings shades blinds and awnings to both commercial and residential customers. the following
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