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Question - Gittian Co. owes $199,800 to City Inc. The debt is a 10 -year, 11% note. Because Gittian Co. is in financial trouble, City Inc. agrees to accept some property and cancel the entire debt. The property has a book value of $90,000 and a fair market value of $140,000.
a) Prepare the journal entry on Gittian's books for debt restructure.
b) Prepare the journal entry on City's books for debt restructure.
zeta corporation and its subsidiary reported consolidated net income of 320000 for the year ended december 31 20x8.
selected information from a finanacial statement for two years. compute the percentage change from 2006 to 2007 when
A study from a Colombian research center is about to publish a pilot study regarding a new coffee plant that they believe can reduce total cholesterol in humans. They gave increasing doses (cups of coffee) to a test patient over several weeks and ..
houston corporation has the following stock outstanding5 cumulative preferred stock par 20 50000 shares issued and
you recently joined the internal auditing department of marcus clothing corporation. as one of your first assignments
Prepare a merchandise purchases budget by quarter for the first 6 months of 2017
A company changes from straight-line to an accelerated method of calculating depreciation, which will be similar to the method used for tax purposes. The entry to record this change should include a:
Prepare the journal entry to record the initial issue on January, 20X1. Prepare the journal entry that Horton would record on each interest date.
What is an electronic exchange? Identify and briefly describe three types of exchanges based on who operates the exchange.
Using the sample financial statements, create pro forma statements of five year projections that are clear, concise, and easy to read. Be sure to double check the calculations in your pro forma statements.
what is the relationship between the variable overhead efficiency variance and the labor efficiency variance which
perry company had no short-term investments prior to year 2011. it had the following transactions involving short-term
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