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The accounts and balances that follow are from the general ledger of Dimaz Company. Compute the (1) working capital and (2) current ratio. Accounts Payable $ 6,640 Accounts Receivable 4,080 Cash 600 Current Portion of Long-Term Debt 4,000 Long-Term Investments 8,320 Marketable Securities 5,040 Merchandise Inventory 10,160 Notes Payable (90 days) 6,000 Notes Payable (2 years) 16,000 Notes Receivable (90 days) 10,400 Notes Receivable (2 years) 8,000 Prepaid Insurance 160 Property, Plant, and Equipment 48,000 Property Taxes Payable 500 I. Dimaz, Capital 22,640 Salaries Payable 340 Supplies 140 Unearned Revenue 300.
brady construction company contracted to build an apartment complex for a price of 5000000. construction began in 2013
NetCo, a US corporation, is planning to start operating in Argentina. NetCo has formed a 100% owned subsidiary in Argentina, ArgCo. NetCo contributes a number of assets to ArgCo in exchange for all of ArgCo's stock. ArgCo will use the asset..
All of the following would be entries in assigning accumulated costs to the Work In Process Inventory except:
the following information is available for pet store company and its two divisions pet supplies and training.whole
the marbury stein shop sells steins from all parts of the world. the owner of the shop clint marbury is thinking of
Determine the amount borrowed by Gruzik - Assume the amount borrowed was $18,500. What was the interest rate if the amount of interest owed was $555?
prepare the adjusting journal entries needed if any on december 31 2013. ajes are only prepared at year end december
A government expects to pay its electric bill relating to its current fiscal year sometime in the following year. An official of the government requests your advice as to whether the anticipated payment should be charged as an expenditure of the c..
Sepracor, Inc., a drug company, reported the following information. The company prepares its financial statements in accordance with GAAP.
statement of retained earningslandon corporation was organized on january 2 2010 with the investment of 100000 by each
Wild's Flowers sells $400 of flowers for a wedding and the customer pays with a bank credit card (e.g., VISA). Wild's Flowers must pay 3% to the credit card company for credit card transactions.
kahn inc. has a target capital structure of 60 common equity and 40 debt to fund its 8 billion in operating assets.
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