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Question - At December 31, 20x7, Cain, Inc., owed notes payable of 1,750,000, due on May 15, 20x8. Cain expects to retire this debt with proceeds from the sale of 100,000 share of its common stock. The stock was sold for 15 per share on March 10, 20x8, prior to the issuance of the year-end financial statements. In Cain's December 31, 20x7, balance sheet, what amount of the notes payable should be excluded from current liabilities? Show the solution.
What is the total amount posted to the accounts receivable and fees earned accounts from the revenue journal for October
Using the above information what is the cumulative effect of the change in accounting principle from FIFO to weighted average inventory pricing
Selling and administrative $20,000. Calculate Wilson's total product cost assuming the company uses variable costing. (Show work)
What is the incremental cost of going outside versus conducting the survey as in the past
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Alan Weston, CPA, completed an audit of Kirsten Manufacturing Company and issued a standard audit report. What does this tell us about the extent.
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Record the journal entries for these transactions in the general journal, post them to the ledger accounts and then prepare the trial balance for the company.
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Question - Calculating the Predetermined Overhead Rate, Applying Overhead to Production. Calculate the overhead applied to production in March
At the end of the year, alpha sold land at a loss for cash and a note receivable. What account are we overstating/ understating
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