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Problem 1: An invoice of $1,000 for merchandise purchased is showing 3/15, n/30 as terms of credit. If the invoice is paid on or before the fifteenth day after the invoice date, the amount to be paid is ________.
A. $1,030B. $1,033C. $1,000D. $970
Prepare journal entries to record each of the transactions. sold 20,000shares to investors for $ 22 per share. Cash was collected and the share were issued.
Prepare the March 31 journal entry to record the March payroll taxes expenses (round amounts to cents).Merger Co. has 10 employees
Management of Mcgibboney Corporation has asked your help as an intern in preparing some key reports for November. The beginning balance in the raw materials inventory account was $25,000. During the month, the company made raw materials purchases amo..
A company receives $336, of which $30 is for sales tax. The journal entry to record the sale would include a? debit to Cash for $306.
ICANDO Pte Ltd is a medium size IT Company that was started in January 2011 by Dennis Tan. When the company was set up in 2011, Dennis did his own accounting but he later employed April, a fresh graduate, to help him in December 2011.
Consigned goods are recognized as revenues by the
Each tranche has the same exercise price- the market price of the stock on the grant date, or $ 23 on January 1, 2010. Explain why the option fair value increases with the vesting date.
After the 2012 financial statements were issued, the case was settled with the IRS for $1,200,000. Illustrate what amount, if any, should be reported as a liability for this contingency as of December 31, 2012?
Many companies incur restructuring charges as they attempt to reduce costs. They often label these items in the income statement as “non-recurring” charges to suggest that they are isolated events which are unlikely to occur in future periods. What i..
The company's net cash from operations equals $40M and they plan on borrowing $10M this year. Can they do it? What options can the company consider?
Process cost reports are prepared for each of the processes or work cells. The number of equivalent units for direct materials is the same as the number for conversion costs. In a breakeven scatter diagram, the loss area continues till the total cost..
Explain to how to find EPS? How do calculate the dividends portion of the formula? What is the difference between Basic EPS, EPS, & Diluted EPS.
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