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Teenage Fanclub Printings sold annual subscriptions to their magazine for $30,000 in December, 2014. The magazine is published monthly. The new subscribers received their first magazine in January, 2015.
1. What adjusting entry should be made in January if the subscriptions were originally recorded as a liability?
2. What amount will be reported on the January 2015 balance sheet for Unearned Subscription Revenue?
Assuming Kuchman uses the par value method of accounting for its treasury stock, retained earnings at Dec 31. Year 2 would be reduced by ?
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As a startup entrepreneur, examine how CVP analysis can be used to create a profitable business and assist in determining sales price. Create a brief scenario for the use of CVP analysis in establishing the price of a product.
Flint Hills Park is a private camping ground near the Lathom Peak Recreation Area. It has compiled the following financial information as of December 31, 2014.
mirk labs is a pharmaceutical company that currently enjoys a patent monopoly in europe canada and the united states
Daniel is a calendar-year taxpayer whose wife died in August of 2011. His eight year old son lives with him. During 2011, Daniel had salary income of $67,000, $1600 of qualified dividend income, and received $50,000 from the life insurance policy ..
Characterize each of the following goods and services in terms of their price elasticity of demand. In so doing, indicate whether a steeply sloped (vertical) and relatively inelastic demand curve, or a flat (horizontal) and relatively elastic dema..
the write-off of an account that has been judged to be uncollectible will not affect the net accounts receivable
Which financial statement shows business results in terms of revenue and expenses? An accounting report that shows the changes in capital during the accounting period is a/an.
What was the gain or loss on the sale? On which financial statement would the gain or loss appear? What information does this accounting calculation provide for future decisions?
Question - Make or Buy practice: What is the change in net operating income if they choose to buy U13 from outside? (Positive, Negative)
the inventory data for an item for november are nov. 1 inventory 20 units at 19 4 sold 10 units 10 purchased 30 units
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