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Question - The Rink offers annual $350 memberships that entitle members to unlimited use of ice-skating facilities and locker rooms. Each new membership also entitles the member to receive ten "20% off a $5 meal" coupons that are redeemable at the Rink's snack bar. The Rink estimates that approximately 80% of the coupons will be redeemed, and that, if the coupons weren't redeemed, $5 meals still would be discounted by 5% because of ongoing promotions. Prepare the journal entry to recognize the sale of a new membership. Clearly identify revenue or deferred revenue associated with each performance obligation.
What was the average market price per share at which common stock was issued? How many shares of treasury stock are owned
During its first year of operations, Calculate the average cost of the common shares of Millwoods Enterprises Inc. at December 31.
during 2009 company a the company began researching and developing a new product. on june 30 2010 the company acquired
Prepare separate direct materials purchases budgets for jars and for peanuts for the months of January and February.
Prepare the journal entry to record the redemption of the bonds at maturity, assuming interest for the last interest period has been paid and recorded
SmartCOM, Inc. manufactures a chip that can turn a cellphone into a wireless access point. What is SmartCOM's target cost for the chip
Sandhill Corporation is a regional company which is an SEC registrant. Prepare the journal entry to record Sandhill's transaction
Management called upon you to approve the loan. What do you suggest in view of the past amortization policy of the company
Suppose instead that SSC has just made a $50 million distribution in the form of a stock repurchase. Now what is SSC's intrinsic value of equity? How many shares did SSC repurchase? How many shares remained outstanding after the repurchase? What i..
johnson inc. purchased equipment at 1114 and struck a deal as follows 10000 in cash down followed by 20000 payments at
If 508,000 finished units were to be manufactured by Adler Company during the year, determine the amount of raw material to be purchased.
There was no inventoryat the beginning of the year. What is the value of ending inventory, assuming the use of direct costing?
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