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On January 1, 2018, Vegegreen Inc. entered into a forward contract to purchase U.S. $6,000 for $6,336 Canadian in 30 days. On January 20, the fair value of the contract was $60 (reflecting the present value of the future cash flows under the contract). Assume that the company would like to update its records on January 20.
Question (a) what are the journal entries on January 1 and 20, 2018.
Question (b) which financial risks the transaction exposes the entity to and why.
Quince Interest is a partnership with a tax year that ends on September 30, 2013. During that year, Potter a partner received $3,000 per month as a guaranteed payment, and his share of partnership income after guaranteed payments was $23,000.
problems1. seattle health plans currently uses zero-debt financing. its operating income ebit is 1 million and it pays
Omega Printers Ltd handles printing jobs. Joe Patterson, finds that serving some clients is more demanding than serving others.
Compute the budgeted costs for the Richardson and Punch jobs, given the following information
In respect of Abel furniture manufacturing facility, identify costs that would be classified as a) variable and b) fixed from the list below. Classify the costs listed below as either Variable or Fixed and give reasons for your choice.
Prepare a brief for Kudler Fine Foods management and evaluate the design elements of the data tables from an accounting perspective.
Calculate the total direct labor cost in Department A. Calculate the direct labor wage rate in Department B, 2. Compute the rate to be used in each department for applying overhead in both departments
Compute product costs per unit and period costs for the period - Components of Full Costs
Bodily had an unused $120,000 net operating loss carry forward from 2011 when the tax rate was 40%. Evaluate bodily's income tax payable for 2013
Compute the amount of overhead allocated to small and large advertising campaigns under existing methods.
Calculate the depreciable cost of the equipment and determine the straight line depreciation expense for the fourth year.
a business paid 100 to cash to karen smith the owner of the business for her personal use. set up the required t
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