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1. Villa America Company reported net income of $85,000. The partnership agreement provides for salaries of $25,000 to S.Wiborg and $18,000 to G. Murphy. They divide the remainder 40% to Wiborg and 60% to Murphy. S.Wiborg asks your help to divide the net income between the partners and to prepare the closing entry.
the following information pertains to family video company. cash balance per bank july 31 9906.73. july bank service
airjet best parts inc. is concerned regarding recent changes in its stock prices for the company and would like to
Determine for each plan the earnings per share of common stock, assuming that the income before bond interest and income tax is$2,500,000.
gordon company sponsors a defined benefit pension plan. the following information related to the pension plan is
Excess of tax depreciation over book depreciation, $40,000. This $40,000 difference will reverse equally over the years 2011-2014. Deferral, for book purposes, of $25,000 of rent received in advance. The rent will be earned in 2011.
Briefly describe the fraud that occurred Discuss what you see as weaknesses in the control environment.
x company manufactures a single product and estimates its total variable manufacturing costs each month. it is
the clayton music company was formed on december 1 2007. the following information is available from claytons inventory
lancer audio produces a high-end dvd player that sells for 1300. total operating expenses for the past 12 months are as
abbott and abbott has a noncontributory defined benefit pension plan.nbspnbspat december 31 2011 abbott and abbott
on april 1 2012 cyclones backhoe co. purchases a trencher for 400000. the machine is expected to last six years and
What are adjusting entries and why are they necessary? What accounts are subject to adjusting journal entries and why? What are the types of adjusting entries (provide examples)?
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