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The following information pertains to the payroll of Fanelli Fashion Company on June 7:
a. The total wages earned by employees are $2,910.b. The state unemployment insurance contribution rate is 3.75%.c. The entire amount of wages is taxable under FICA, FUTA, and SUTA.d. The amount withheld from the employee's wages for federal income taxes is $491; for state income taxes, $49.10; and for group insurance, $87.10. Journalize the payment of wages, and record the payroll taxes on June7
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Determine the amount of Haines deficiency and determine the amount distributed to Jolly, assuming Haines is unable to satisfy the deficiency.
Write a 1,050- to 1,400-word paper describing the relationship between the IASB and the FASB. Include the following in your paper:
Prepare any necessary adjusting entries relative to depreciation (use straight-line) and amortization (use effective-interest method) on December 31, 2011.
edurado has started a small business making sundials. thefollowing transactions occured for the business during a
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omalley corp. uses the fifo method of process costing system. material is added at the beginning of the production
during the year hawkings produced 10000 units used 20000 direct labor hours and incurred variable overhead of 90000.
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