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Question - Tinder, a dating website based on matching horoscopes charges its users a monthly fee, they use the Allowance for Doubtful Accounts method to write off accounts. Please record the following transactions:
a. Establish an AFDA balance of $15,000.
b. Write off an account balance of $2,500 owed by Asha.
c. Receipt of $1,250 from Asha that was previously written off.
Compute the gain or loss on the immediate sale of the old scanner. Prepare an incremental analysis report comparing the options of continuing with the current scanner or replacing it. What other factors should be considered before the final decision ..
Brumlow Company has a contribution margin ratio of 25%. The company is considering a proposal that will increase sales by $100,000.
A consultant commented that "too often the numbers look good but feel bad." This comment often stems from estimation error common to capital budgeting.
Debt guarantees are: a) are considered to be a contingent liability. b) are never disclosed in the financial statement c) are a bad business practice. d) are recorded as a liability even though it is highly unlikely that the original debtor will defa..
fletcher inc. has 5000 shares of 5 100 par value cumulative preferred stock and 25000 shares of 1 par value common
compute index-number trend percents for the following accounts using year 1 as the base year. state whether the
Barth James Inc. has the following deferred tax assets and liabilities: $12,000 noncurrent deferred tax asset, Show how Barth James would report deferred tax
a corp has increased its annual dividend each year of its life by 3 and will continue to do so indefinitely. if the
The company expects to incur total overhead costs of $426,450 during the year. Compute the hourly billing rate for Debbie and Tara
Variance Analysis The Lucerne Chocolate Company uses standard costs and a fl exible budget to control its manufacture of fi ne chocolates.
the vegas corporation had both common stock and preferred stock outstanding from 2010 through 2012. information about
"A work sheet is a permanent accounting record, and its use is required in the accounting cycle." Do you agree? Explain.
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