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At the end of the current year, $41,980 of fees have been earned but have not been billed to clients.a. What is the adjustment to record the accrued fees? Indicate each account affected, whether the account is increased or decreased, and the amount of the increase or decrease.b. If the cash basis rather than the accrual basis had been used, would an adjustment have been necessary? Explain.
Where on the balance sheet should a 20 year, 12% bond, due 1/1/2013 for $500,000 be listed. Is it a current liability or a long term liability?
Direct materials inventory
Particularly important to financial statement users.
Norek Corp. owned 70% of the voting common stock of Thelma Co. On January 2, 2006, Thelma sold a parcel of land to Norek. The land had a book value of $32,000 and was sold to Norek for $45,000.
you buy a 6 year 8 cd for 1000. interest is compounded annually. how much is it worth at
The Partnership of D, E, and F has the following account balances just prior to the liquidation of the partnership: Cash, $90,000; Noncash Assets, $570,000; Liabilities, $300,000: D, Capital, $120,000; E, Capital, $180,000; and F, Capital, $60,000..
A construction company can lease an asset for the next four years by making lease payments that are equivalent to annual payments of $3,000 at year 0, $6000 at year 1, $7000 at year 2, $7000 at year 3 and $4000 at year 4. Use a 12% minimum acceptable..
what is meant by horizontal vertical and conglomerate combinations? how do you distinguish the three types? what
selected account balances from the adjusted trial balance for olinda corporation as of its calendar year end december
ana just received her bank statement and wanted to make sure that the balance in her checkbook was correct. ana
Assuming she invests the money her grandmother gives her in a mutual fund that is expected to earn 10%, how much money must she get from Granny if she hopes to meet her early retirement goal?
describe current assets and their relevance for analysisdescribe current assets and their relevance for
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