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Problem 1: On December 31, Lotus made an adjusting entry to record P11,000 accrued interest payable on its note. This entry was reversed on January 1. On January 15, the note was paid. The payment included interest of P25,000. The entry to record the payment of January 15 should
On November 9, it distributed another $260,000 on ($130,000 to Tony and $130,000 to Hank). What are the tax implications of the $130,000 distribution to Hank
Tamarisk, Inc. Company had a credit balance of $15,600 in Allowance for Doubtful Accounts. Prepare journal entries to record transactions of Tamarisk
What are the ethical issues - who are the primary stakeholders and what are the possible alternatives - What are the ethics of the alternatives?
Sadler Clothiers manufactures women's business suits. The company uses a standard cost accounting system. find the total overhead variance
Botox, which is currently protected under a patent. Botox sells for about $15 per vial. Calculate the Lerner index if the marginal cost of producing Botox
Discuss the Relationship between the financial statements identified. Cash paid for property, plant, and equipment during the period.
Projected benefit obligation, January 1, 2011 850, Expected return on plan assets, 10%. Required: Determine pension expense for 2011
For the taxes, wages of distributors, rent of warehouse, distribution and freight cost, etc. How many should Ronnie sell to be able to break-even?
Assuming that Gull Corporation elects under $248 to expense and amortize organizational expenditures, what amount may be deducted in 2018?
Write a memorandum to Bob explaining the tax consequences of the incorporation. As part of your memorandum examine the possibility of having the corporation issue common and preferred stock and debt for the shareholder's property and money.
Compute the departmental overhead rates using machine hours as the cost driver.Compute a company-wide overhead rate using machine hours as the cost driver.Compute the overhead costs per batch of MaxiFlow and Alaska assuming:
the filling department of rose petal lotion company had 2300 ounces in beginning work process inventory 70 complete.
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