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The tax agency fund of Orange County collected $7,000,000 for a private school district; $3,000,000 for the county General Fund; and $5,000,000 for a town located in the County. County General Fund employees handle the collections, and a 2.5 percent collection fee is charged all units except the county. The total amount of revenue recognized by the county Agency Fund would be?
There were no differences between accounting income and taxable income other than those described above. Prepare the appropriate journal entry to record Gallo Light's 2011 income taxes. Show calculations. Explain h ow should the deferred tax amount..
Perform transaction analysis and indicate the account, amount, and direction of the effect on the account equation
Evaluate the CAPs argument involving situations where market value of common stock should be capitalized in certain stock dividend situations.
Sun has maintained the same inventory levels throughout 2014. If end of year inventory turnover was increased to 11 through more efficient relationships with suppliers, how much cash would be freed up (round off to the nearest dollar)
What total amount of expenses relating to these two items should Philo report in its quarterly income statement for the three months ended June 30?
. It also paid $55,000 for a fence around the property, $14,000 for the company sign near the property entrance, and $8,000 for lighting of the grounds. Determine the cost of Ayer’s land, land improvements, and building.
Identify symptoms of a lack of internal control. Explain the impact of the missing journal entry on the financial statements of the company.
Elucidate how the choice of the type of responsibility center affects behaviour. You should support your discussion by using real world examples.
Compute Grant's accounts receivable turnover ratio for the year. The company does not believe it will have any bad debts.
If the selling price is increased to $14 per unit and fixed general and administrative expenses are cut by $33,465, what will the new breakeven point be in units?
Another client gave her a check for $750 on December 31, 2011, but after the bank had closed. Both the $500 and $750 checks cleared the next year. Explain how much does Sarah have to include in her gross income for 2011?
Determine the amount of premium to be amortized for the second semiannual interest payment period, using the interest method. Describe the amount of bond interest expense for the first year.
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