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Dec 29 purchased a 12 month public libility insurance policy9600. this policy protects the company against liability for injuries and property damage caused by its equipment. however thepolicy goes into effect on january 1 2008 and afford no coveragefor the injuries sustained by kevin davenport on december26..
dec31 recived bill frrom universal utilities for the month ofdecember 700 payment due in 30 days.
dec 31 equipment rental fee earned druring the second half ofdecember amounted to 20,000 of which 15600 was received incash....
please these one cant figure out how to prepare journal entries for these please help me.
It now needs to identify relevant activity cost drivers in order to assign overhead costs to its products. Using the activities listed below, identify for each activity one or more cost drivers that might be used to assign overhead to Mallory Luon..
There were no other items includable in her gross income. What is the amount of her adjusted gross income?
Evaluate the factors that help to determine that market value of stock. Consider the factors that are most relevant to today's economy and list three (3) that impact the market value the most.
a barn with an adjusted basis of 125,000 was destroyed by a tornado on March 5, 2011 on May 15, 2011 the insurance company paid the owner 150,000 the owner reingested 170,000 in another barn what is the basis of the new barn if non-recognition of ..
Greg received a salary of $50,000 in 2010 from his employer, Green Construction Associates, Inc. In July 2010, Green gave each employee $2,500 as a bonus for exceeding the monthly sales goals. employee $2,500 as a bonus for exceeding the monthly s..
larry,curly and moe run the only saloon in town. Larry wants to sell as many drinks as possible wityout loss money
Orange Ltd. Withheld from its employees" paychecks $200,000 in Federal income and Social Security taxes for the May 29 payroll. It then spent the $200,000 on equipment upgrades, missing altogether the May 31 due date for the tax remittances. How m..
On January 1, 2009, Princess Corporation leased equipment to King Company. The lease term is 8 years. The first payment of $675,000 was made on January 1, 2009. The equipment cost Princess Corporation $3,600,000. The present value of the minimum l..
1.Determine the total compensation cost pertaining to the options. 2.Prepare the appropriate journal entry(if any)to record the award of options on January 1,2009.
Coyle Corp. issued $10,000,000 par value 10% convertible bonds at 99. If the bonds had not been convertible, the company's investment banker estimates they would have been sold at 95. Expenses of issuing the bonds were $70,000. What are the journa..
First City Bank pays 8 percent simple interest on its savings account balances, whereas Second City Bank pays 8 percent interest compounded annually. If you made a $5,000 deposit in each bank, how much more money would you earn from your second Ci..
Professional standards require independence in fact and appearance in regards to assigning auditors to engagements. Briefly define the terms in fact and appearance. What are the ethical implications and rationale for these auditing procedures?
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