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The prepaid insurance account had a beginning balance of $5,000 and was debited for $2,000 of premiums paid during the year. What is the adjusting journal entry required at the end of the year assuming the amount of unexpired insurance related to future periods is $4,000?
lion and tiger had operated as a partnership for a number of years. at june 30 20xx their balance sheet appeared as
product r19n has been considered a drag on profits at buzzeo corporation for some time and management is considering
What is the after tax cost of preferred stock that sells for $10 per share and offers a $1.20 dividend when the tax rate is 35%?
on december 31 2013 gifts galore inc. appropriately changed its inventory valuation method from weighted-average cost
Varton Corp. acquired all of the voting common stock of Caleb Co. on January 1, 2011. In 2011, Varton owned some land with a book value of $84,000 that was sold to Caleb for its fair value of $120,000. How should this transaction be accounted for ..
if a company chooses the lifo method of inventory valuation which inventory will appear as ending inventory on the
after 20 years of working for other firms penelope enrolled agent age 41 mark cpa age 43 and john cva age 65 want to
write a paper that describes the main aspects of the regulatory environment which will protect the public from fraud
if a gain of 9000 is incurred in selling for cash office equiptment having a book value of 55000 the total amount
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bruce industries manufactures 200000 components per year. the manufacturing cost of the components was determined as
Suppose that R&B Beverage Company has a soft drink product that shows a constant annual demand rate of 3600 cases. A case of the soft drink costs R&B $3. Ordering costs are $20 per order and holding costs are 25% of the value of the inventory. R&B..
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