Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
You are asked to travel to Milwaukee to observe and verify the inventory of the Milwaukee branch of one of your clients. You arrive on Thursday, December 30, and find that the inventory procedures have just been started. You spot a railway car on the sidetrack at the unloading door and ask the warehouse superintendent, Buck Rogers, how he plans to inventory the contents of the car. He responds, "We are not going to include the contents in the inventory." Later in the day, you ask the bookkeeper for the invoice on the carload and the related freight bill. The invoice lists the various items, prices, and extensions of the goods in the car. You note that the carload was shipped December 24 from Albuquerque, f.o.b. Albuquerque, and that the total invoice price of the goods in the car was $35,300. The freight bill called for a payment of $1,500. Terms were net 30 days. The bookkeeper affirms the fact that this invoice is to be held for recording in January.
1.Does your client have a liability that should be recorded at December 31? Discuss.
2.For what possible reason(s) might your client wish to postpone recording the transaction?
The amount of unrealized intercompany profit which should be eliminated in the consolidation process at the end of 2006 is:
accounting for a long-term construction-type contract using the percentage-of completion method the gross profit
beth rader purchased north shore health club in june 2013. beth wanted to increase the size of the business by selling
on march 31 2013 the herzog company purchased a factory complete with machinery and equipment. the allocation of the
Suppose her marginal tax rate is 40 % this year and next year, and that she can earn an after-tax rate of return of 8% on her investments.
cars can now park themselves and within the next 10 years research in the united kingdom will lead to cars that drive
the warbler jeans company produces two different types of jeans. one is called the simple life and the other is called
heersink corporation bases its predetermined overhead rate on variable manufacturing overhead cost of 10.50 per
How do you find the 'less withdrawals' for the statement of owners equity?
please review the following real-world hewlett packard statement of cash flows and address the 2 questions belowcash
Which of the following trade(s) contain mainly basis risk?
What personal circumstances might lead investors to emphasize income rather than growth in their investment planning? What might lead them to emphasize growth rather than income?
Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!
whatsapp: +1-415-670-9521
Phone: +1-415-670-9521
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd