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Question - In November and December 2010, Lane Co., a newly organized magazine publisher, received $90,000 for 1,000 three-year subscriptions at $30 per year, starting with the January 2011 issue. Lane included the entire $90,000 in its 2010 income tax return. What amount should Lane report in its 2010 income statement for subscriptions revenue?
$0.
$5,000.
$30,000.
$90,000.
Compute the debt to assets ratio for each company - based on the ratios computed in a and b, which company had the better liquidity?
assignment 2 you are an entrepreneur due week 6 and worth 280 points student life does not generally afford a great
The type of adjustment (prepaid expense, unearned revenue, accrued revenue, or accrued expense).
precision numbers inc. manufactures pocket calculators. costs incurred in making 25000 calculators in april included
A firm operate at 90% of capacity for the past year, during which fixed costs were $320,000, variable costs were 60% of sales and sales were $1,000,000. What is operating profit was?
hazelnut company earned net income of 95000 during the year ended december 31 2012. on december 15 hazelnut declared
A company is provided with a choice of 2 kinds of air-conditioners of similar capacity of 12,500 kcal/hr. The traditional air-conditioner costs around HK$50,000 with EER of 2.16 kcal/h W and is estimated to use 140 kWh of electricity daily on the ave..
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After Wednesday, consider the following: Assume that M agreed to recognize the goodwill generated by L's business. Accordingly, M agreed to recognize an amount for L's goodwill such that L's capital equaled M's capital on January 1, 2013
Try fetchall with longer argument lists, such as samples from the top million web sites available at alexa.com. How does the program behave if a web site just doesn't respond? (Section 8.9 describes mechanisms for coping in such cases.)
During 2010, Burlington Company incurred operating expenses amounting to $600,000, of which $550,000 was paid in cash; the balance will be paid in January 2011. On the 2010 income statement of the company, what amount should be reported for operat..
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