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1) What are accounting concepts?
2) What is money measurement concept?
3) Explain concept of continuity?
4) Why cost concept is also known as historical cost concept?
The company is subject to state unemployment taxes at the rate of 2% and federal unemployment taxes at the rate of 0.8%. By May 15, some employees had earned over $7,000, so only $9,000 of the $20,000 weekly gross pay was subject to unemployment t..
Prepare a cost variance analysis for each variable cost component for Met Towels in January 2005. Prepare a fixed overhead variance analysis for Met Towels in January 2005
xyz company leased equipment to west corporation under a lease agreement that qualifies as a capital lease to west but
bank reconciliation and entries. the following information was taken from the accounting records of palnotmetto company
Tomas and Saturn are partners who share income in the ratio of 3:1. Their capital balances are $80,000 and $120,000 respectively. Income Summary has a credit balance of $30,000. What is Tomas' capital balance after closing Income Summary to Capita..
pierre corp has sales of 200000 a contribution margin ratio of 35 and a profit of 40000. if 10000 units were sold what
During 2010, Vera Venture sold her interests in two small business corporations. Her loss on Ballpoint Pen Corporation stock was $120,000 and her loss on Pencils Corporation stock was $20,000. Both losses qualify under Code Sec. 1244. Vera files j..
jays technology finds that the total revenue function associated with producing a new type of computer chip is
castro industries purchased 21600 of merchandise on february 1 2014 subject to a trade discount of 5 and with credit
Calculate the amount of the final price adjustment because of defective pricing based on the Contractor unintentionally overpriced their material costs by $75,000 and under-priced their direct manufacturing labor costs by $50,000. Overhead rates u..
For the activity level of 2500 units, compute: (a) the total variable cost; (b) the total fixed cost; (c) the total cost. d. the average variable cost per unit, e. the average fixed cost per unit; and (f) the average total cost per unit. Assume th..
the expected average rate of return for a proposed investment of 600000 in a fixed asset with a useful life of four
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