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Candy land established a $125 petty cash fund. When the fund balance reached $12.78 from the following Simphiwe submitted the following receipts Deliver expense 39.32 Postage stamps expense 10.00 Lunch delivery expense 14.88 Misc expense 48.02 What is the journal entry to show the petty cash fund reimbursement?
Albert, Betty, and Carol own and operate the Roy Lumber Company. Each contributed one-third of the capital, and they share equally in the profits and losses. Their partnership agreement provides that two partners must authorize all purchases over $2,..
Evaluate Jacksons cash flows for the year. Mention all three categories of cash flows and give the reason for your evaluation and Prepare the statement of cash flows of Jackson Educational Supply for the year ended December 31, 2012.
the relative price of chicken has increased, so Brain would be expected to purchase less both are true, what is the difference?
how such systems relate to an organization's management accounting and control system; explain the theory behind the use of flexible budgets, standard costs, and variance analysis as elements of a financial control system.
Atwater Company acquires 80 percent of the outstanding voting stock of Belwood Company. On that date, Belwood possesses a building with a $160,000 book value but a $220,000 fair value. Proportionate consolidation concept
Why might a consolidated group file separate income tax returns?
One criterion for a capital lease is that the term of the lease must equal a minimum percentage of the leased property's estimated economic life at the inception of the lease. What is this minimum percentage? How much will Salas recognize on its 20X4..
the fells point companys plant asset and accumulated depreciation accounts had the following balances on december 31
Assume a tax rate of 40 percent and that current losses can be used to offset taxable income in future years. What is present value of tax savings related to the operating losses in years 1 and 2?
How many students are needed in order to achieve breakeven. - How many classes need to be taught in order to achieve breakeven.
After a 5% reduction, you purchase a new digital player for $190. What was the price of the digital player before the reduction? First write an equation you can use to answer this question. Use x as your variable and express any percents in decimal f..
Croissant Division of Pastry Corporation has invested capital of $1,600,000. During the past year, Croissant had sales of $1,200,000 and earned $400,000. What is Croissant’s return on investment?
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