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Question - Company's 2014 income statement reported cost of goods sold as $135,000. Additional information is as follows:
December 31, 2014
Inventory $30,000
Accounts Payable $13,000
December 31, 2013
Inventory $22,500
Accounts Payable $19,500
If Company uses the DIRECT METHOD, what amount should Company report as cash paid to suppliers in its 2014 statement of cash flows?
On January 1, 2010, Haley Co. issued ten-year bonds with a face amount of $2,000,000, The total issue price of the bonds was
What is inventory shrinkage. How can we keep this to a minimum
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Bernie's Ltd. sells goods on terms 2/10, n/30. Gross credits sales for May were $40,000 and for June were $60,000
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Jones Company acquired Jackson Company for $2,200,000 cash. At that time, the fair value of recorded assets and liabilities was $1,500,000 and $280,000 respectively.
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as the representative from your accounting firm or practice you are in charge of stock market analysis that will be
On Dec.1 declared a $0.50 Per share cash dividend to shockholders of record on Dec.14, payable January 10, 2010. Why is cash and Paid in capital from Treasury stock, both debit?
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