Prepare the adjusting entry needed on december
A companys payroll runs $2,800 every two weeks ($200 per day) The last pay day was Friday December 19th and the next pay day will be January 2nd. Prepare the adjusting entry needed on December 31.
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The correct order of presentation in a classified balance sheet for the following current assets is: accounts receivable, cash, prepaid insurance, inventory.
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The fair value of Exacta's net assets was equal to the book value. True uses the equity method in accounting for its ownership in Exacto and reported a balance of $259,800 in its investment account on December 31, 20x7.
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A companys payroll runs $2,800 every two weeks ($200 per day) The last pay day was Friday December 19th and the next pay day will be January 2nd.
It expects to build a production plant on the land in approximately 5 years. During the 5 years before construction, the land will be idle. The land should be reported as?
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The same lawyer representing a different client in a civil manner was victorious and will be receiving a contingent fee of $50,000 when the defendant pays the court ordered damages to the plaintiff (the lawyers client).
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