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Prepare the journal entries to record the following transactions in an Investment Trust Fund for Seggen County during the calendar year 2013. 1. Turtle Creek and Pineview contributed $60,000 and $40,000, respectively, to an Investment Trust Fund operated by Seggen County during 2013. 2. Investments totaling $75,000 were purchased. 3. Income from the investments during the year totaled $8,000. 4. The fund paid $1,500 to the county for investment management fees. 5. The investments increased in value by $3,000. 6. Income of $10,000 was paid to the two cities, based on the relative amount of their initial investment.
Prepare a classified balance sheet in good form. common stock authorized was 400,000 shares, and preferred stock authorized was 20,000 shares.
Based on the formulas you have reviewed, what happens to contribution margin per unit when unit selling prices increase? Illustrate your explanation with an example from a fictitious company of how an increase in unit selling prices might affect cont..
a machine originally had an estimated useful life of 7 years but after 4 complete years it was decided that the
Describe how the use of the audit software package and a copy of the inventory file data might be helpful to the auditor when observing the physical count of inventories as of a given date and test a sample for accuracy
prepare adjusting entries for the following transactionsathe beginning balance of the supplies account was 245. during
Discuss fully the accounting treatment and disclosures that should be accorded the casualty and related contingent losses in the financial statements dated December 31, 2003.
x company is considering investing in manufacturing equipment expected to cost 184000. the equipment has an estimated
cindy burnson the manager of fondlike company was agonizing over an offer for an order requesting 7000 boxes of
assuming an annual interest rate of 12 what factor from the tables would be used to calculate the amount that would be
Prepare the necessary journal entries if the wages and salaries paid and the employer payroll taxes are recorded separately.
corn meal in a continuous mass production process. corn is added at the beginning of the process. normal losses are
Discuss a possible negative managerial scenario that the regional manager may be sensing. Might the manager of Store 9 be an exceptional manager? What are the ethical implications of the scenario?
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