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Shaw Company sells goods that cost $282,000 to Ricard Company for $411,000 on January 2, 2014. The sales price includes an installation fee, which is valued at $39,000. The fair value of the goods is $372,000. The installation is expected to take 6 months.
(a) Prepare the journal entry to record the sale on January 2, 2014. Datte Account Titles and Explanation Debit Credit Jan. 2, 2014
(b) Shaw prepares an income statement for the first quarter of 2014, ending on March 31, 2014. How much revenue should Shaw recognize related to its sale to Ricard? Total revenue $
Suppose the current exchange rate for the Russian ruble is RUB 30.15. The expected exchange rate in three years is RUB 33.86. Assume that the anticipated inflation rate is constant for both countries.
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A major chemical manufacturer has experienced a market re-evaluation lately due to number of lawsuits. The Company has a bond issue outstanding with fifteen years to maturity and a coupon rate of 8%
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Four months ago, you purchased 1,500 shares of Lakeside Bank stock for $11.20 a share. You have received dividend payments equal to $0.25 a share.
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