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Question - Bunch paid his business telephone bill from his personal chequeing account. He wrote cheque #489bforn$361.20 to reimburse himself for this expense. The telephone bill was $344 plus $17.20 GST. What is the journal entry?
Explain why Gardini did not achieve its target market share in the candy bar market but still exceeded its financial targets.
Jill Morris is presently leasing a small business computer from Eller Office Equipment Company. The lease requires 10 annual payments of $4,000 at the end of each year and provides the lessor (Eller) with an 8% return on its investment. You may us..
What are the advantages and disadvantages of having the FASB as opposed to Congress develop GAAP on oil and gas reserves? What is implication of disclosure
Annual fixed costs are $880,000. Current sales volume is $4,400,000. Compute the break-even point in dollars
Prepare a perpetual inventory record for the merchandise inventory using the LIFO inventory costing method
Each business owns its own equipment and employs its own staff. May Paul aggregate these businesses for purposes of the QBI deduction? Explain
Professor Pacioli was recently asked the following five questions by his aspiring accounting students. Preparea summary of the professorA ?1s reply to each question.
Hirsch expects to have taxable income of $100,000. How will Hirsch avoid a penalty for underpayment of estimated Federal taxes in the current year
Paid dividends for an amount equal to the last two digits of your student number
Prepare an income statement, balance sheet, and statement of cash flows. (Assume that closing entries have been made.)
Payroll is a subject dear to almost every one of us. Remember the first paystub you received, with the "gross to net" computation? List and calculate the deductions from your paycheck today (in percentages only) Are they appropriate? Why or why no..
e1a.concept . carlos companys accountant makes the assumptions or performs the activities listed below. tell which of
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