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Problem 1: The inexperienced accounting clerk wrongfully entered the manager's salary of R11 000 into the insurance account. The correcting double-entry would be ... A. dr salaries, R22 000 and cr insurance, R22 000. B. dr salaries, R11 000 and cr bank, R11 000. C. dr capital, R11 000 and cr salaries, R11 000. D. dr salaries, R11 000 and cr insurance, R11 000. E. dr insurance, R11 000 and cr salaries R11 000.
For the variable costing income statement, how are fixed manufacturing costs reported and how are the fixed selling and administrative expenses reported? How is this different from absorption costing income statements? How does this difference impact..
What should Lucy Morris ask Frank Greystock make in discounted cash flow (DCF) analysis? Why? What should Morris be prepared to say to the Transport Division
The price of the company's common shares has been increasing steadily on the market; it was $22 on January 1, 2020. Prepare the journal entries.
Finding the changes of annual profits be increased or decreased - If the order is accepted, by how much will annual profits be increased or decreased?
Your Company makes three products in a single facility. Up to how much should the company be willing to pay for one additional hour of mixing machine time if the company has made the best use of the existing mixing machine capacity?
The rentable space is 80,000 sq. meters. However, a 10 sq. meter space is occupied as an administration office. How much is classified as investment property
How can balanced scorecard measures be used for revenue process planning? Evaluate the ethics of the tax shelter transactions, including your concerns about the practices. Who are the stakeholders in this case, and what are your professional responsi..
the advantages or disadvantages of using eyewitness testimony in court
What does the amount reported for cost of goods sold represent? Is your company a profitable company? How can you tell? Does your company use accrual-based or cash-based accounting?
Shareholders donated to the company 9,000 ordinary shares when shares had a market price of P52. How much is unappropriated retained earnings as of December
The preferred stock has 557,740 shares authorized, with a par value of $100 and an annual $3.75 per share, Compute the book value per share of common stock
High deductibles are used in which financial market to help address the moral hazard problem? Why economies without banks suffer from high search cost.
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