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During 2010, the Boge Corporation signed a noncancelable contract to purchase 10,000 bushels of soybeans at $5 per bushel with delivery to be made in 2011. On December 31, 2010, the price of soybeans had fallen to $4.50 per bushel. On May 1, 2011, the Boge Corporation takes delivery of the soybeans when the price is $4.75 per bushel.Required:Prepare the journal entries required on December 31, 2010 and May 1, 2011.
Review the article by Corbett, focusing on the three questions of Throughput Accounting and how Corbett addresses misconceptions about the Theory of Constraints.
flash newton is national sales director at bright amp shinytoothpaste company. the firm manufactures and distributes a
Dynamo Corporation manufactures toasters. Each toaster comes with a five year warranty.
internet case-calpers. while the examples in this have focused on a single-employer plan many states operate statewide
discus the steps that have been taken recently to promote greater accuracy and reliability of information concerning
schlag inc. expects its sales in january to be 111000. the companys contribution margin ratio is 65 and its fixed
Do you agree with Arnold's reasoning for not reporting any allowance for future uncollectible accounts? Explain.
Dubois Inc. loans money to John Kruk Corporation in the amount of $823,200. Dubois accepts an 8% note due in 6 years with interest payable semiannually.
Prepare all required entries for 2009 and 2010. You should create entries for both ABC and XYZ. Assume that both amortize discounts using the effective interest rate method.
Question 1: The Jamestown Group has equity of $421,000, sales of $792,000, and a profit margin of 6 percent. What is the return on equity?
stephens electronics is considering a change in its target capital structure which currently consists of 25 debt and 75
Make the necessary adjusting journal entries at December 31, 2007, and December 31, 2008 to record depreciation for each year under the following depreciation methods: (a.) Straight-line. (b.) Double-declining-balance
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