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Tropical Tours reported revenue of $414,000 for its year ended December 31, 2013. Accounts receivable at December 31, 2012 and 2013, were $37,000 and $30,300, respectively. Using the direct method for reporting cash flows from operating activities, Tropical Tours would report cash collected from customers of?
Assuming there were no other adjustments to Ed's basis in the partnership in 2010 and 2011, what amount of partnership income (loss) should Ed show on his 2010 and 2011 individual income tax returns?
Homer Simpson bought a house for $70,000 some years ago. Heput 20% down and financed the rest with a 25 year mortgage of 8.5%interest. How much equity does Homer have in the house?
On January 1, 2011, Sledge had common stock of $120,000 and retained earnings of $260,000. During that year, Sledge reported sales of $130,000, cost of goods sold of $70,000, and operating expenses of $40,000.
would you please explain the following example for me? thank youif economy a whose profit margin is 10 percent loses
Construct the company's manufacturing overhead budget for the upcoming fiscal year. Compute the company's manufacturing overhead rate (including both variable and fixed manufacturing overhead) for the upcoming fiscal year. Round off to the nearest..
invoice price of goods is 3500. purchase terms are 310n30 and the invoice is paid in the week of reciept. the shipping
prepare a multiple-step income statement for surry co. from the following data for the year ended december 31 2010.
Prepare the journal entry to record Autumn Company's issuance of 63,000 share of no-par value common stock assuming the shares;
A financial advisor tells you that you can make your child a millionaire if you just start saving early. You decide to put an equal amount each year into an investment account that earns 8% interest per year, starting on the day your child is born..
for 2010 kuhlman corporation reported net income of 28000 net sales 400000 and average shares outstanding of 6000.
Use the following schedule, determine the correct year-end amount of the (1) total assets (2) total liabilities, (3)owners' equity, and (4) net income.
welnor industrial gas corporation supplies acetylene and other compressed gases to industry. data regarding the stores
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