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Question - Kew Company leases and operates a retail store. The following information relates to the lease for the current year; The store lease, an operating lease, calls for a base monthly rent of 15,000 on the first day of each month. Additional rent is computed at 6% net sales over 3,000,000 up to 6,000,000 and 5% net sales over 6,000,000 per calendar year. Net sales for the current year amounted to 9,000,000. The entity paid executor costs to the lessor for property taxes of 120,000 and insurance of 50,000. What total amount of the expenses should be reported for the year?
blanton corporation purchased 35 of the outstanding shares of common stock of worton corporation as a long-term
The $3000 was debited from the Prepaid Insurance account. What adjustment should be made to record expired insurance on the firm's July 31, 2010
pringle company distributes a single product. the companys sales and expenses for a recent month follow sales-40per
Prepare an engagement letter (you may use and/or modify any samples you find in the Appendices of the Fraud Examiner's Manual as a starting point)
What would be the impact of the donor request on the financial statements and on availability for expenditure of cash or other organization assets?
Steve (Slick) Willy, 45, just got out of jail. As a reformed citizen on parole, Slick decides to go into business for himself. Prepare net worth analysis
Of the total earnings, $31,118.46 was for sales salaries and $8,281.54 was for office salaries. Prepare a general journal entry to record the monthly payroll
XYZ company manufactures toys in three different countries: S1, S2 and S3. It sells these toys in four countries: A, B, C and D. The following table shows the total requirement for each type of toy by country of manufacture:
Depreciation has been entered for 7 years on a straight line basis. Prepare the entry to record the depreciation for 2013
cecil c. seymour is a 64-year-old widower. he had income for 2013 as followspension from former
For a maturity mix of 60% current and 40% long-term debt, prepare the company's financial half of its income statement
At the beginning of the period Compaq Ltd has 900 000 fully paid-up ordinary shares on issue. Explain what is diluted EPS
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