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Selected transactions for B. Madar, an interior decorating firm, in its first month of business, are as follows. Jan. 2 Invested $15,000 cash in the business in exchange for common stock. 3 Purchased used car for $7,000 cash for use in the business. 9 Purchased supplies on account for $500. 11 Billed customers $1,800 for services performed. 16 Paid $200 cash for advertising. 20 Received $700 cash from customers billed on January 11. 23 Paid creditor $300 cash on balance owed. 28 Declared and paid a $1,000 cash dividend. For each transaction.
The FINC 5000 Associates Corporation (FAC) has begun selling a new product and they want you to help them with next year's pro forma financial statements. Using the worksheet below, complete the company's forecast.
Weaver Company's predetermined overhead rate is $18.00 per direct labor-hourand its direct labor wage rate is $12.00 per hour.
What are the advantages and disadvantages of making individual managers either, cost center manages, investment center manager, profit center manager.
The revenues of profit-seeking organizations are based on user charges. Users may be charged for various services provided by G&NP organizations as well.
Assume Green Leaf Nursery anticipated sales of $500 in the first quarter. Accounts receivable at the beginning of the year was $300. Assuming a collection period of 30 days, which is the approximate beginning balance for the second quarter?
a corporation acquired a truck on july 1 2012 at a cost of 162000. the truck has a six-year useful life and an
If income tax expense for the current year was $46,000 and income tax payable decreased by $5,200 during the year, what was the amount of cash payments for income tax?
matuseski corporation is preparing its cash budget for october. the budgeted beginning cash balance is 17000. budgeted
Declared and paid a dividend to all shareholders. In which section of the cash flow statement will this action appear for both Ryan Corp. and Anna Corp?
Using the activity base info in (a), determine the annual amount of payroll and purchasing costs charged back to the Residential, COmmercial, and Government contract divisions from payroll and purchasing services.
boston galleries uses the specific identification method for inventory valuation. inventory information for several oil
Choose a public company financial statement - 10k or annual report. Review the footnote disclosures related to intercompany activity. How important is this activity to the consolidated group? Where do you find this information? Be sure and post a ..
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