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the role of an accountant within an economic entity is vital and cannot be brushed aside as he produces the financial
the trial balance of celines sports wear shop at december 31 shows closing entries merchandise inventory 25000 sales
the following is a summary of the receipts and payments for the year ended 31 december 2008 of shadow social
gambit stores accepts from leonard co a 3400 90-day 6 note dated may 10 in settlement of leonards overdue account a
a what are debenturesb explain the following terms in relation to limited liability company accountsi calls in
in 2012 phil mickelson company has net credit sales of 923795 for the year it had a beginning accounts receivable net
the area of accounting concerned with the preparation and presentation of financial statements is referred to as
mehl wholesalers co has been expanding faster than it can raise capital according to its local banker the company has
a what is depreciation classify it and explain the factors to be considered in assessing the rate of depreciationb what
dupage company purchases a factory machine at a cost of 18000 on january 1 2012 dupage expects the machine to have a
a corporation issued 100 bonds 50 par each with a detachable stock warrant enabling the holder to purchase 1 share of
although the missouri company has the capacity to produce 16000 units per month current plans call for monthly
indicate whether the following increase decrease or have no effect on retained earningsa declared cash dividendb
the spartan company has an annual plant capacity of 25000 units predicted data on sales and costs are given belowsales
in both 19x5 and 19x6 the lucky corp appropriated 60000 of retained earnings for a future machine acquisition in 19x7
e berg and sons build custom-made pleasure boats that range in price from 10000 to 250000 for the past 30 years mr berg
a corporation issues a 200000 par 4-year bond at 95 the bond is convertible into 1000 shares of 120 par common stock
a corporation has 100 shares of 100 par common stock outstanding and 100 shares of 50 par preferred stock 8 the total
baxter hoffman recently received the following information related to hoffman companys december 31 2010 balance
gx corp has common stock 50 par 12000 shares outstanding and a retained earnings account with a deficit of 200000
george jackson operates a small machine shop he manufactures one standard product which is available from many other
recall that the salami technique means using a computer to skim a small amount of money from hundreds or thousands of
the vernom corporation which produces and sells to wholesalers a highly successful line of summer lotions and insect
jfk manufacturing corp is using 10000 units of part no 300 as a component to assemble one of its products it costs the
answer the following four multiple-choice questions1 buck company manufactures part no 1700 for use in its production