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Question - On January 31, dividends were declared and paid for $4,340. The accountant for the concessions company reported that concession revenue for January was $140,000. 10% is due to a third party vendor that provides the concession services and will be remitted by December 10. Prepare the journal entries?
Analyze the effect of both full-cost and variable-cost transfer pricing methods on Phipps' cash flows using a spreadsheet program such as Excel.
small company reported 20x7 net income of 40000 and paid dividends of 15000 during the year. mock corporation acquired
A useful life of 5 years and a salvage value of $1000 is a depreciated using the straight line depreciation method. Complete gain or loss on the sales
Define accounting? explain the accounting concepts which guides the accountant at the recording stage.
During 2018, Thomson Inc. had several transactions relating to common stock. Record the transactions and events in the journal entry
Prepare a cost variance analysis for each variable cost for last year. Prepare a fixed overhead cost variance analysis.
shirts unlimited operates a chain of shirt stores that carry many styles of shirts that are all sold at the same price.
Prepare schedule of expected cash collections from sales and a schedule of expected cash disbursements for inventory purchases
Sales were 545 units at $25. Using the FIFO method, determine the dollar values following for the month of May: Ending Inventory
Horton Micro Chip Company issued $100,000 of face amount of 6-year bonds on January 1, 20X1. Prepare the journal entry to record the initial issue
Inventory at Jan. 1/05 $150,000 and Purchases from Jan. 1 to Jan.13 $50,000. Determine the cost of inventory destroyed by fire
Compute the cost of goods sold for the current year based on the LIFO method of inventory valuation and Refer to the above data. Compute the cost of the ending inventory based on the LIFO method of inventory valuation.
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