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Worked on this homework, almost done, but can't figure out these Qs On October 15, the school agreed to teach a four-month class (beginning immediately) to an individual for $5,520 tuition per month payable at the end of the class. The class started on October 15, but no payment has yet been received. (Accrual can begin at the nearest half-month; for example, October recognizes one-half month accrual.)The school's two employees are paid weekly. As of the end of the year, two days' salaries have accrued at the rate of $100 per day for each employee.The balance in the Prepaid Rent account represents rent for December.
on april 1 2012 cyclones backhoe co. purchases a trencher for 400000. the machine is expected to last six years and
Derivative accounting: What are the disclosure requirements for traditional and derivative financial instruments? Should companies disclose if such instruments are used for hedging or speculation? Why?
A government had the following transfers reported in its governmental funds Statement of Revenues, Expenditures and Changes in Fund Balances:
Teresa is a civil engineer who uses her automobile for business evenly throughout the year. Teresa drove her automobile a total of $22,650 miles evenly during 2011, of which 95% was business mileage.
The Marx Company issued $100,000 of 12% bonds on April 1, 2010 at face value. The bonds pay interest semiannually on January 1 and July 1. The bonds are dated January 1, 2010, and mature on January 1, 2015. The total interest expense related to th..
the setting of standards is critical to the effective use of standards in evaluating performance.explain the following
An art dealer sold two artworks at $1520 thereby making a profit of 25% on the first work and 10% on the second, where as if he had approached any exhibition he would have sold them together for $1535 with a profit of 10% on the first and 25% on t..
during its most recent fiscal year simon enterprises sold 400000 electric screwdrivers at a price of 21.00 each. fixed
dacahr bros. inc. is an automobile maintenance and repair company with outlets throughout the western united states.
xct manufacturing co. increased its merchandise inventory by 17000 over the year. the company also granted its
Hurd Company acquired a building valued at $160,000 for property tax purposes in exchange for 10,000 shares of its $5 par common stock. The stock is widely traded and selling for $15 per share.
march 3. purchased merchandize on account from hasbro co. list price 16000 trade discount 30 terms fob shipping point
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