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Steve owns a car. He decides that he needs a loan in order to improve his house, so he goes to Liv. He agrees to give Liv a security interest in the car in exchange for $4,000. Two weeks later he decides that he needs more money.
He goes to Dane. He gives Dane a security interest in the car in exchange for $10,000. Dane files a financing statement to perfect the interest. A week after that Liv does the same. Eventually, Steve defaults in his payments. The car is reposed, and it is sold for $3,000. How much money will Dane receive? How much money will Liv receive?
You are the accountant for the I love Accounting company. You have to perform the month end procedures for the Accounts Receivable and Allowance for Doubtful Account. show the adjusting entry to show the receipt of the previously written off account?..
limon company uses the chart of accounts shown below. use the numbers preceding each title to create journal entries
The selling price of the goods is $780, and the cost of the goods is $470. Both companies use perpetual inventory systems. Journalize the transaction on the books of both companies.
James Company uses a predetermined rate to apply overhead. At the beginning of the year, James estimated it's overhead costs at$240,000, direct labor hours at 40,000 and machine hours at 10,000. Actual overhead costs incurred were $249,280, actual di..
Determine the amounts of the components of pension expense that should be recognized by the company in 2012. Prepare the journal entry to record pension expense and the employers contribution to the pension plan in 2012.
differences between a state or local governments budgetary practiceswhat are the possible differences that may occur
Calculate the expense on the income statement for the fiscal year ended December 31, 2012 under current GAAP related to the operating leases.
Senior Immigrants (SI) is an NFPO established a few years ago to help senior immigrants learn English and integrate into Canadian society. SI has some paid staff supported by a large group of volunteers. Prepare the necessary journal entries for the ..
Prepare the four basic financial statements for the month of March and how many employees does the RTWMTC company have and what is the break down of their salaries
Evaluate the amount of income from the partnership that Potter should report for his tax year ended 31st December, 2012.
Review the balance sheet and income statement of your company and what type of stock does your company issue (par value, no par, etc.)? Does it issue Preferred Stock? Does it hold any Treasury Stock?
Use technology and information resources to research issues in microcomputer applications for accountants.
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