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Question - Brown Co. established a P3,000 petty cash fund. You found the following items in the fund:
Cash and currency P1.683.80
Expense vouchers 829.80
Advances to salesman 200.00
IOU from employee 300.00
Required - In the entry to replenish the fund, what amount should be debited to Cash short or over?
a friend of yours is a biotech scientist who is developing a method of cloning certain antibodies. you have estimated
The land is worth $1,200,000. At what amount should Sarasota report the land on its balance sheet at December 31, 2013
On December 31, 2012, Company V had a balance in its prepaid insurance account of $48,400. What would Insurance expense for 2013 be
Determine the correct retained earnings balance at the end of 2014 using any relevant information above.
Jason Inc. has a division that manufactures a widget that sells for $300 and has a variable cost of $90. What is the minimum transfer price
Assume a 60% fl at rate for income taxes. The company receives all revenues and pays all expenses other than depreciation in cash. Use a 14% discount rate.
Calculate the maintenance cost that would be budgeted for the month of May in which 5,700 machine hours are planned to be used
Entries for Held-to-Maturity Securities on January 1, 2009, Roosevelt Company purchased 12% bonds, having a maturity value of $500,000, for $537,907.40. The bonds provide the bondholders with a 10% yield.
What is the basic objective of financial reporting. How do general purpose financial statements help achieve this objective
Refer to Polaris's financial statements in Appendix A to answer the following.
Open a general journal for the City Jail Annex Construction Fund. Record the Capital Projects Fund transactions and post to the general ledger
Only July 17th, 3 acres of land were sold for cash of $32,000. Prepare Statement of Cash Flows in good form using the above information and the indirect method
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