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Sales 800,000; Cost of goods sold 300,000; accounts recievable 20,000; bonds outstanding 160,000; accounts payable 20,000; advertising expense 1,000; administrative expense 35,000; interest expense 24,000; depreciation 40,000; dividends paid 137,000; rent expense 5,000; accurals 20,000; common stock 100,000; retained earnings 245,000; cash 20,000; inventory 45,000; net fixed assets 600,000 . assume a 40% tax bracket
at the close of its first year of operations december 31 2014 madeline company had accounts receivable of 1100000 after
concored manufacturing company uses an activity based costing system sells 20000 units per year of glaxo container at
Discuss the three sections of the indirect method of presentation for the Statement of Cash Flows. Also discuss why the statement of cash flow is just as important as the income statement.
in 2010 toni purchased 100 shares of common stock in blue corporation for 5280. in 2011 blue declared a stock dividend
Discuss how your understanding of the balance sheet and income statement may be applied to your current or future position.
compute: (a) the total variable cost; (b) the total fixed cost; (c) the total cost; (d) the average variable cost per unit; (e) the average fixed cost per unit; and (f) the average total cost per unit. Assume that this activity level is within the..
brown cow dairy uses the aging approach to estimate bad debt expense. the balance of each account receivable is aged on
the equipment that was bought had a fair market value of 450000 but the actual purchase price was 400000. they signed a
why does the federal government allow for accelerated depreciation of fixed assets even when the useful life and
Prepare the journal entries to record the depot and theasset retirement obligation for the depot on January 1, 2007. Basedon an effective interest rate of 6%, the present value of the asset retirement obligation on January 1, 2007, is $41,879.
The Richmond Company uses the weighted-average method in its process costing system. The company has only a single processing department.
What was the total amount of manufacturing costs assigned to the 5,000 units in the ending work in process?
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