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Vacation pay and pension benefits
Lutes Company provides its employees with vacation benefits and a defined contribution pension plan. Employees earned vacation pay of $25,500 for the period. The pension plan requires a contribution to the plan administrator equal to 8% of employee salaries. Salaries were $340,000 during the period.
Provide the journal entry for the (a) vacation pay and (b) pension benefit.
Distinguish between current and accumulated earnings and profits. Why is it important to make this distinction?
alice shoemaker is the advertising manager for value shoe store. she is currently working on a major promotional
A rowdy spring break guest damages a jukebox that had been purchased in 1995 for $800. The jukebox had a useful of ten years, with an estimated salvage value of $75. The company decided to scrap the jukebox after the incident.
Which of the following are consedered an optional presentation within a goverments required supplementary information.
in a minimum 200 word response describe some ways how the public has responded to the october 2001 usa patriot act. has
Enviro Company issues 8%, 10 year bonds with a par value of$250,000 and semiannual interest payments. On the issue date, the annual market rate for these bonds is 10%, which implies a selling price of 87 1/2. The straight-line method is used to al..
spartan stores is expanding operations with the introduction of a new distribution center. not only will sales increase
Assuming Kuchman uses the par value method of accounting for its treasury stock, retained earnings at Dec 31. Year 2 would be reduced by ?
complete a 3-5 page paper on the importance of maintaining academic honesty. this paper must be in proper apa format
Accounts receivable of $138,000 were collected includingaccounts of $40,000 on which 2% sales discounts were allowed. Prepare all journal entries necessary to reflect the transactions above.
contemplating awarding a contract to the Azusa Manufacturing company for the assembly of wiring harnesses. Included in the cost estimate was 3,000 hours of direct labor. The company uses a plant-wide overhead rate. Assume that the projected overhead ..
using the following information compute total revenues.nbspnbspcaution not all of the items listed should be included
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