Day guaranteed return policy since
If a company has had a 90-day guaranteed return policy since 1983 but has never has had a return, is there an accounting issue if they plan to spend $1,000,000 on an advertising campaign?
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Harmon Company uses the weighted-average method in its process costing system. The Curing Department of Harmon Company reported the following information for the month of November.
Jolly Fitness also makes its own fitness machines. It sells these machines to the customers with 30% down and a 2-year payment plan. However, customers can return the machine with a full refund within 90 days.
The following events took place for Fed Inc. during October 2012, the first month of operations as a producer of road bikes:
The company used 13000 yards to material in order to make 3000 suites in April. The direct material quantity variance is?
SvenCo wants to calculate the component costs in its capital structure. Common stock currently sells for $33, and is expected to pay a dividend of $.40.
Jan contributes property having a $15,000 fair market value and an $8,000 adjusted basis and also renders legal services valued at $10,000 in exchange for a 40% interest in the capital and profits of the Zed partnership. What will be the tax resul
June 1: The company issued 2133 shares of its common stock after acquiring from Joe $42,900 in cash, computer equipment with a fair market value of $11,960 and office equipment with a fair value of $598.
Jerry is a partner in the Bent Grass Partnership. At the close of the current year, Jerry's basis in the partnership is $23,000. At this time, the partnership distributes cash of $6,000.
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