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Thomas receives a yearly salary of $90,000, plus an annual bonus, from MGM. The annual bonus is determined in December of each year but not paid until January of the following year. Thomas's bonus is $15,000 for 2013 (received in 2014) and $33,000 for 2013 (received in 2013).
Prepare any journal entries you consider necessary, including year-end entries (December 31), assuming these are available-for-sale securities.
An enterprise that holds a variable interest in variable interest entity is required to consolidate assets, liabilities, revenues and expenses, and the non-controlling interest of that entity if:
The budgeted supplies cost is $6.20 per machine-hour. The actual supplies cost for the month was $234,614. The variable overhead efficiency variance for supplies cost is ?
What is the purpose of the chart of accounts? Why are internal controls and audit trails important in a computerized accounting system?
what is intellectual property? why is it called intellectual property? why is intellectual property such an important
On January 1, 2010, Lauren Corporation issued $40,000, 9%, ten-year bonds payable at 108. Interest is payable each December 31.
Voice App is a midsize software company that specializes in voice recognition software. Due to rising costs of maintaining IT technical support, your director is considering outsourcing your technical support services. Currently, your technical supp..
dollar general corporation operates approximately 9400 general merchandise stores that feature quality merchandise at
Regardless of any tax consequences resulting from their interests in Flycatcher, Nancy is in the 28% marginal tax bracket and Pasqual is in the 35% marginal tax bracket. With respect to the current year, which of the following statements is incorr..
the immanuel company has just obtained a request for a special order of 6000 jigs to be shipped at the end of the month
1. managerial accountinga. focuses primarily on reporting to regulatory agenciesb. is governed by generally accepted
An outside supplier has offered to produce the machines for Thomas for $700 a unit. What is the incremental effect on profit for this make or buy decision?
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