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1. The Zoo Doo Compost Company processes a premium organic fertilizer made with the help of the animals at the Memphis Zoo. Zoo Doo is sold in a specially designed plastic pail that may be kept and used for household chores or returned to the seller. The fertilizer is sold for $12.50 per two-gallon pail (including the $1.76 cost of the pail). For each pail returned, Zoo Doo donates $1 to the Memphis Zoo and the pail is used again.34
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The founder and president of this start-up firm has asked your opinion on how to account for the donations to be made when fertilizer pails are returned. (Ignore any tax implications.)
A parcel of land is: offered for sale at $150,000, assessed for tax purposes at $95,000, recognized by its purchasers as being worth $140,000 and purchased for $137,000. The land should be recorded in the purchaser's books at:
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Respond to the following ethical issue concerning the reclassification of receivables in your initial post:
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thompson company had the following results of operations for the past year sales 16000 units at 10 160000 direct
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