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Problem - On January 1, Duane Company purchases land at a cost of $125,000. Duane incurs costs of $2,000 for the closing fees and surveys. Duane also spent $7,500 on clearing costs to prepare the land for use. What is the cost of land to be recorded by Duane?
Prepare all the necessary journal entries for 2015 for (a) Gambino Cosmetics and (b) Kanza, Inc. 2. Uttinger Company has the following data at December 31, 2015.
During March, 10,200 hours were actually worked. Determine the amount of factory overhead that was applied in March
a client comes to your tax firm. she asks you to research a tax issue and advise her on how to reduce her exposure to
The standard direct materials quantity required to produce one large candle is 1 pound at a cost of $5 per pound. Prepare analysis of direct materials variances
You will need $15,000 in 7 years when you want to take a world cruise. If you can earn 6% annually how much do you need to invest now, in order to have the amount needed for the cruise?
Find the dividend yield for Microsoft on December 31, current year, and previous year. Round percentages to two decimal places
Assume that Gilberto Co. paid the balance due to Allman Company on May 4 instead of April 15. Prepare the journal entry to record this payment.
Calculate cost of goods sold and ending inventory under LIFO method. Wittmann Co. began operations on January 1. It uses a perpetual inventory system.
Complete a summary of the case study that identifies the key problems and issues, provides background information, relevant facts, the solution employed, and the results achieved.
Provide a brief overview of your company (one to two paragraphs at most). What industry is it in? What are its main products or services?
Give the journal entries to record payroll on December 31. Give (a) the journal entry for the collection of rent on December 10 and (b) the adjusting journal entry on December 31. Show how any liabilities related to these items should be reported on ..
The Stockholders' Equity category of Jackson Company's balance sheet as of January 1, 2014, appeared as follows: Preferred stock, $100 par, 8%, 2,000 shares issued and outstanding $200,000 Common stock, $10 par, 5,000 shares issued
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