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Question - The accountant of ABC Co. was preparing a bank reconciliation as of April 30, 2020. The following items were identified:
Book balance for the checking account - $46,200
Total outstanding checks - $1,100
Interest earned during April on the checking account balance - $50
Costumer NSF check returned by the bank - $500
In addition, ABC incorrectly recorded a customer's check-in cash receipts as $150; the ban recorded the check amount properly at $510. What amount will ABC report as its adjusted cash balance in the general ledger at April 30, 2020?
Is it necessary for a business to use the same method of computing depreciation (a) for all classes of depreciable assets, (b) in the financial statements and in determining income taxes? Explain your answer.
Your friend Bob is studying architecture at another University and knows very little about accounting and annual reports. What is the Balanced Scorecard and how is this relevant to Qantas? In summary, how much were the Executives paid in 2015
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fleming company sellsl a product for 50 per unit. the fixed costs are 525000 and the variable costs are 60 of th
What has happened in recent industrial history to reduce the usefulness of direct labor as the primary basis for allocating overhead to products.
On January 1, 2018, Solo Inc. issued 1,600 of its 9%, $1,000 bonds at 98.3. What is the carrying value of the bonds reported in December 31, 2018, balance sheet
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Taos Company purchased merchandise for resale from Tuscon Company with an invoice price of $22,000 and credit terms of 3y10, ny60.
pierres hair salon is considering opening a new location in french lick california. the cost of building a new salon is
P40,000 - as reimbursement for the office supplies he purchased using his own money. How much of the above is not subject to tax
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