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Problem 1: The subscription contract signed between BSA Corporation and its subscribers require 70% upon subscription and the remaining balance in 180 days. For BSA Corporation, the balance of subscription receivable is reported as
Option 1: an equity account deductible from subscribed ordinary shares.Option 2: current asset as non-trade receivable.Option 3: non-current asset as non-trade receivable.Option 4: current asset as trade receivable.
Problem 2: Which of the following would normally be added to book balance when preparing book to bank reconciliation?
Option 1: Unrecorded decrease in the petty cash fund supported by deposit slip.Option 2: Official Receipt No. 915 recorded twice in the cash receipts journal.Option 3: Bank service chargesOption 4: Deposit in transit
Question - A company reported the following amounts on its balance sheet at January 1, 2009. Make the journal entry to record the declaration
bkf.com provides banks access to sophisticated financial information and analysis via the web enabling them to
What are responsibility centers? Why are they important? Define and discuss responsibility accounting systems and why they are important to management
XYZ Corporation distributed land to its sole shareholder in a liquidating distribution. At the time of the distribution, the land had a fair market value of $120,000.
John bought 1,850 shares of Intel stock on October 18, 2015, What is gain loss for John on the sale of his Intel stock
Direct materials are placed into the process at the beginning of production. Determine the number of equivalent units of production
If the expectations theory of the term structure is correct, what is the one-year interest rate expected during Year 2
Question - The following amounts are reported in the ledger of Mariah Company: What is the balance in the common stock account
1 yankton company began the year without an investment portfolio. during the year they purchased investments classified
the completed building or structure meets the relevant GPR benchmark. The surveyor has estimated
data concerning a recent periods activity in the prep department the first processing department in a company that uses
The new phone model has a target price of $380. Management requires a 25% profit on new product revenues. Calculate the amount of desired profit
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