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Prepaid subscriptions sold in Dec 2014, 25000 subscriptions @ $85. Subscribers will receive monthly issues begin in Jan 2015. Business has taxable income of $840,000 for 1st calendar quarter of 2015, federal taxes are 40%. Quarterly tax payment will be made on April 12, 2015. What is the amount of the advances on subscriptions that would be listed on the current liabilities section of the balance sheet for Mar 31, 2015?
Apple Company sold goods on account for 50,000 (L) pounds on November 2, 2006. On that same date, the controller entered into a forward contract to sell the pounds for $1.5920 on March 1, 2007. Apple Company's fiscal year ends on December 31, 2006..
Joan purchases a government bond for $10,000 that pays 7 percent annual interest. Jim purchases $20,000 worth of corporate bonds that pay 10 percent annual interest. Joan's goal is to earn $700 per year on her investment, and Jim's goal is to earn..
1. product costs and period coststhe costs that follow were extracted from the accounting records of several different
gregorys purchased a 25000 truck for catering from its restaurant. it made a down payment of one-fourth of the price.
Explain the major advantages and disadvantages of a business owner
software associates software associate sa is a computer software consulting firm that specializes in designing and
The straight-line method is used for depreciation. In 2008, George Martin changed its estimates to a total useful life of 5 years with a salvage value of $50,000. What is 2008 depreciation expense?
What amount will be reported in the Estimated Warranty Liability account on the December 31, 2011 balance sheet?
What GASB statement requires government wide statements and why? This answer should include a comment on the measurement focus and basis of accounting used.
A debit balance in the Allowance for Doubtful Accounts
toyota motor corporation uses target costing. assume that toyota marketing personnel estimate that the competitive
use the following information to answer this question increase in inventories 28 purchased treasury stock 17
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