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An analysis and aging of Smart Corp accounts receivable at December 31, 2014, disclosed the following.
Amounts estimated to be uncollectable 180,000
Accounts receivable 1,750,000
Allowance for doubtful accounts (per books) 125,000
What is the net realizable value of Smarts receivables at December 31, 2014?
Prepare the general journal entry to update depreciation to July 1, 2009 and prepare the general journal entry to record the disposal of the machine
Roland Company uses special strapping equipment in its packaging business. The equipment was purchased in January 2013 for 10,000,000 and had an estimated useful life of 8 years with no salvage value. Prepare the journal entry (if any) to record the ..
Define ‘budgetary Control' and explain its objectives. Discuss how the functional budgets are built up taking any one specific example.
The forward contract is properly designated as a fair value hedge of the FC100,000 firm commitment. On June 12, when the company receieves the parts, the spot rate is .23. At what amount should Lawrence Company carry the parts inventory on its ..
questionwesterville buckeye company produces and sells two products. cost and revenueinformation by product for the
Journalize the transactions, including explanations, post to the ledger T accounts - Prepare a trial balance on April 30, 2010
There were no dividends declared in 2009. The board of directors declares and pays a $90,000 dividend in 2010 and in 2011. Illustrate what is the amount of dividends received by the common stockholders in 2011?
Search the Codification and cite the paragraph in the Accounting Standards Codification that explains how gains and losses from extinguishment should be recognized. Need the number as well
Describe and explain why a social system might be the best in responding to the needs of people struck by an emergency situation like the earthquake that occurred in Haiti in January 2010.
This cost increases to 8.75 cents per mile if a truck is driven 60,000 miles per year. Estimate the cost formula for truck operating costs using the high-low method.
question distribution of appreciated property. in the current year sedgwick corporation has 100000 of current and
Events related to the acquisition, use and deposal of a tangible plant asset: straight-line depreciation Sam’s Subs purchased a delivery van on January 1,2013 for $35,000. In addition, Sam’s paid sales tax and title fees of $1500 for the van. The van..
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