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Question - On June 30, 2021, Stars Inc. purchased 400 shares of Strats Inc. for trading purposes, paid $60 per share less a $480 commission. On December 1, 2021, company sold 160 shares at $48 per share. On December 15, 2021, Strats Inc. declared and paid dividend of $6 per share. What is the amount of dividends income and gain/loss on disposal of investments to be included in net income on December 31, 2021? The company follows IFRS.
Explain the concept of a variable. Explain the differences between variables and data types. Explain the need for data types and the different types available.
General Motors Corporation reported $7.0 billion of product warranties. How would costs of repairing a defective product be recorded
Problem - Adjusting Entries. Prepare the adjusting entries at March 31, assuming that adjusting entries are made quarterly
Prepare the necessary journal entries to record depreciation and the revaluation entries for each vehicle of LZ Ltd
Why would someone else not make those purchases? How would you choose one outlet, brand, or model over the others? Would others make the same choice in the same
Mesa believes that it can charge $20 for the Slim Slicer. Prototypes of the Slim Slicer, however, are costing $22. By using cheaper materials and gaining efficiencies in mass production, Mesa believes it can reduce Slim Slicer's cost substantially..
The company sold 10 items for a total of $1,000. How much of a net profit or loss did this sale produce
The bond principal is $1,534,775, while the present value of the bond interest payments is $1,158,260. Record the March 28 bond issuance entry.
How does this data inform decisions on customer targeting, customer retention, and sales? As a general manager of Kamron's, how would you evaluate
Describe the maturity matching principle. What are the risks of not matching maturities? How would you characterize a firm that ignores the principle? Can you think of situations in which it would be advisable for an otherwise prudent firm to dev..
Find Do you use email encryption? How does encryption contribute to security and how do the two basic types of encryption systems work?
The Allowance for Uncollectible Accounts do we adjust for the beginning Allowance balance in order to determine the Bad Debt Expense for the period
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