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Assignment Content This journal assignment is designed to help you understand the role of accounting in business and to provide an opportunity to explore future careers. Navigate to one or both of the following career sites: How to Become an Accountant from Learnhowtobecome.org. Why Accounting? From Startheregoplaces.com. For your M1 Journal Assignment, discuss the following: What did you find interesting about the different types of jobs in accounting? What skill sets are necessary for a successful accounting career? Does a career in accounting sound interesting to you? Why or why not?
Leon owns all six hundred (600) shares of the outstanding stock of Crane Corporation (Earnings And Profits (E&P) of $1,000,000). Leon had acquired the stock ten (10) years ago for $450,000.
Snowy Ltd acquires Pax Ltd on 1 July 2018 for $5,000,000 being the fair value of the consideration transferred. Prepare journal entry to account
Prepare journal entries for the following in July: Direct materials used in production and Direct labor used in production
On March 20, Dody's petty cash fund of $110 is replenished when the fund contains $13 in cash, Prepare the journal entry to record the replenishment
1. jazz products has the following information available for the month of marchsales 4000
Within the firm's industry, the average turnover is 12 turns per year. Is the firm's performance better or worse than the industry average?
On June 1, you bought a piece of machinery for $50,000. Record the adjusting entry for depreciation for the year
Hailey's Hats began the month with a bank balance of $10 000. The budgeted sales for March to June are as follows: Prepare a cash receipts budget for April May
Discuss the tax advantages and disadvantages of paying the $1,500 to a professional lobbyist rather than spending the $1,500 on in-house lobbying expenditures
Complete the table attached showing Plum's (1) current ratio, (2) acid-test ratio, and (3) working capital after each transaction
Analyze the following statement: "To prepare a statement of cash flows, all you have to do is compare the beginning and ending balances in cash on the balance sheet and compute the net inflow or outflow of cash."
What total amount shall be included in the income statement for the year 2018? Whistle Company leased a machine from Poll Company
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