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Question - Schister Systems uses the following data in its Cost-Volume-Profit analyses:
Total Sales $325,000
Variable expenses 195,000
Contribution margin 130,000
Fixed expenses 105,000
Net operating income $25,000
Required - What is total contribution margin if sales volume increases by 30%?
Prepare the journal entry to record the redemption of the bonds at maturity, assuming interest for the last interest period has been paid and recorded.
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Some years ago, John and George combined thek separate businesses in Oxtown and Camley into a partnership. The following abbreviated Trial Balances.
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Indicate the statement presentation of the related unrealized gain (loss) accounts for each class of securities.
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