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The t/p bill for this month was 200,the company will pay it next month what is the journal entry for this?The t/p bill for this month was 200,the company will pay it next month what is the journal entry for this?
Northwest paid freight charges of $7,500. Merchandise with an invoice amount of $5,000 was returned for credit. Cost of goods sold for the year was $380,000. What is ending inventory assuming Northwest uses the gross method to record purchases?
The price at which a stock can be sold depends upon a number of factors. Which statement below is not one of those factors?
A company declared a cash dividend on its common stock in December 2010, payable in January 2011.
The company inspects one Starter for every 100 produced, and inspects one Star for every 10 produced. The company expects to incur $56,400 of total inspecting costs this year. How much of the inspecting costs should be allocated to the Starter mod..
Compute the rate variance, the efficiency variance, and the total direct labor cost variance for each of these two months. (Input all amounts as a positive value.
What makes a contribution income statement unique? Discuss how a contribution income statement could be used to improve planning in a company.
At the time of the notification what is the appropriate entry in the capital projects fund (assuming that the City has met all eligibility requirements and maintains its books and records in a manner to facilitate the preparation of the fund finan..
Discuss why it is necessary for accountants to assume that an economic entity will remain a going concern. If an entity was perceived to be short term, what effect would that have on the accounting system?
Christie purchases a one-third interest in the Corporate Capital Partnership (CCP) in 2006 for $40,000. During 2006, CCP earns an income of $90,000, and Christie withdraws $30,000 in cash from the partnership.
Wilson's Meats has computed its fixed costs to be $.60 for every pound of meat it can sell given an average daily sales level of 500 pounds. It charges $3.89 per pound of top-grade ground beef. The variable cost per pound is $2.99. What is the con..
1.Determine the total compensation cost pertaining to the options. 2.Prepare the appropriate journal entry(if any)to record the award of options on January 1,2009.
List three types of consulting services that audit firms have provided to their audit clients in recent years. For each item, indicate the specific threats, if any, that the provision of the given service can pose for an audit firm's independence.
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