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Question - Garcia's corporation trial balance included the following account balances at Dec 31 2013:
A/P 25,000
Bonds Payable due 2022 22,000
Salaries Payable 16,000
Note Payable due 2014 20,000
Note Payable due 2018 40,000
Required - What amount should be included in the current liability section of Garcias Dec 31 2013.
What explanations can you offer for this inconsistency in accounting treatment of similar outlays under U.S. GAAP?
Determine the weighted average number of common shares that would be used in calculating earnings per share on the current comparative income statement
1.In 2013, the Barton and Barton Company changed its method of valuing inventory from the FIFO method to the average cost method.
1. a business event which can be measured in terms of money and must be recorded in books of accounts is calleda.
An insurance company's losses of a particular type per year are to a reasonable approximation normally distributed with a mean of $150 million and a standard deviation of $50 million. (Assume that the risks taken on by the insurance company are en..
Residual value at the end of five years is estimated to be $56,000. Calculate the depreciation expense per year using the straight-line method
What are variances and why do these occur? What factors would you consider when deciding whether to investigate a variance
On dec 31, 2011, rollo company held the following short term investments in its portfolio of available for sale securities. Whats the debit and credit
Dapper Hat Makers Company sells merchandise on credit. During the fiscal year ended July 31, the company had net sales of $2,300,000.
Which the difference between consistency and comparability. Consistency is a qualitative characteristic of the principle of comparability.
Assets Cash $ 150,000; Marketable securities 76,000; Inventory 164,000; Land 300,000; What partnership capital Robert have after Quincy retires
A company sustained a $96,000 storm damage loss during the current year. How should this be recorded or what should the journal entry be
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