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Question - On January 1st 2016, Pilot received an order for internet service from ACME Co. ACME orders a 1Gbps plan with Pilot, paying $2,000 upfront via credit card. This payment includes $1,000 first month service payment and another $1,000 installation / activation fee. ACME's service is month to month, with no annual contract. ACME is activated by a Pilot installation team on March 17th, 2016. What would the accounting treatment (debits and credits) associated with this transaction be: On January 1st, 2016. On March 31st, 2016. If ACME cancelled their Pilot service on February 17th, 2016 (before it's installation), what would the proper accounting treatment (debits and credits) associated with this transaction be?
maria gonzalez opened a veterinary business in nashville tennessee on august 1. on august 31 the balance sheet showed
Totz Company produces jump ropes. How many jump ropes should Totz Company produce during the first quarter
How to enter the following information on an Income Statement
Heva Company is an American company that prepares its financial statements under US GAAP. In 2014, the company reported income of $5,000,000 with stockholders' equity of $40,000,000 on December 31, 2014. Prepare the reconciliation schedule to c..
The standard direct cost per unit for a company was $7 (=$28 per hour X 0.25 per unit). Compute the direct labor price and efficiency variances for the period
Yuli Copters is known to be aggressive in ignoring intellectual property claims. Imagine they just go ahead with the project as stated above. (In other words, they decide not to pay for the license.)
You own a portfolio that has $2,150 invested in Stock A and $3,200 invested in Stock B. If the expected returns on these stocks are 10 percent and 17 percent, respectively, what is the expected return on the portfolio? (Do not round your intermedi..
question you are conducting the audit of superior company as of december 31 2008. the following accounts receivable
What conclusions concerning the management of the inventory can be drawn from these data?
If Probe earned a $32,000 gross profit and 12% rate of return on the lease to Detection, prepare the entry to record Probe's lease to Detection
For this question assume that all 1126 of units of Bit are sold in the Nano segment. If the competitive environment remains unchanged what will be the Bit product's demand next year (in 000's)?
Describe the three broad types of IRS audits. Give an example of an issue that each type of audit might address, and indicate how frequently such audits are conducted by the IRS.
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