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On February 1, Year 2, the Razorback Corporation decides to transfer its available for sale securities to the trading category. These securities had been purchased for $9,400 early in Year 1 and had a fair value of $11,700 on December 31, Year 1. On February 1, Year 2, the securities have a fair value of $12,500.
Prepare the journal entries to record the transfer.
on january 2 2013 judah smith decided to incorporate his business smiths bakerycheck figuresunadjusted net income
Analyze the risks to merchandising that a business may experience and how they might be minimized. Determine if automation of accounting has had a positive or negative impact on business, in general, and how you arrived at that conclusion.
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Discuss the advantages of understanding accounting as it relates to your current or future position. (Consider careers in management, sales, business operations, finance, and business ownership.)
Sandra sold 500 shares of Wren Corporation to Bob, her brother, for its fair market value. She had paid $26,000 for the stock. Calculate Sandra's and Bob's gain or loss.
many u.s. businesses have changed their management philosophies to become more competitive. these changes include
Question 1: One advantage of hydroelectric power generation is:
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Credit sales is collected in the month of the sale
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the plant asset and accumulated depreciation accounts of pell corporation had the following balances at december 31
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