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Prepare a summary journal entry to record the $107,000 in cash expenditures.
Nvidia Corporation, a global technology company located in Santa Clara, California, reported the following information in its 2014 financial statements .
On January 1, 2016, the Shagri Company began construction on a new manufacturing facility for its own use.
Calculate the amount of research and development expense Janson should report in its 2016 income statement related to this project.
At what amount should the computer software costs be reported in the December 31, 2017, balance sheet?
On October 10, Tristar purchased equipment for cash. The purchase price was $15,000 and $500 in freight charges also were paid.
Prepare a schedule analyzing the changes in each of the plant assets during 2016, with detailed supporting computations.
Record the exchange for both Robers and Phifer. The exchange has commercial substance for both companies.
The lower of cost and net realizable value approach to valuing inventory is a departure from the accounting principle of reporting assets at their historical.
Prepare the journal entries to record the purchase on July 15 and payment on July 23, 2016.
Calculate the gross profit ratio, the inventory turnover ratio, and the average days in inventory for the two companies for their fiscal years ending in 2014.
Prepare the journal entry to record the payment on December 15, 2016, using the gross method of accounting for purchase discounts.
Assuming that the James Company uses a periodic inventory system, prepare journal entries for the above transactions including the adjusting entry at the end .
Prepare the company's LIFO liquidation disclosure note that would be included in the 2018 financial statements to report the effects of any liquidation .
Can you identify any advance warning at the date of the financial statements of the company's impending bankruptcy?
The financial statements used for corporate financial reporting and the key ratios used to make business decisions.
In 2015 the Moncrief Company purchased from Jim Lester the right to be the sole distributor in the western states of a product called Zelenex.
Assuming that the James Company uses a perpetual inventory system, prepare journal entries for the above transactions.
Calculate what cost of goods sold would have been for 2016 if the company had used average cost to value its entire inventory.
Calculate the 2014 gross profit ratio, inventory turnover ratio, and average days in inventory for both companies.
On December 28, 2016, Videotech Corporation (VTC) purchased 10 units of a new satellite uplink system from Tristar Communications for $25,000 each.
What is the amount of accounts receivable due from customers at the end of 2009 and 2008?
What is the amount of interest revenue that appears in the company's 2016 income statement related to these notes?
Assuming that 80% of all June 30 receivables are collected during July, prepare the necessary journal entries to record the collection and the remittance .
Walken did not recognize any additional bad debts expense, and had no write-offs of bad debts during the month.