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on its december 31 year 2 balance sheet shin co had income taxes payable of 13000 and a current deferred tax asset of
the certified public accountant is frequently called upon by management for advice regarding methods of computing
at the beginning of last year brentwood corporation purchased a piece of heavy equipment for 88000 the equipment has a
assume you have been hired as a consultant to prepare a balanced scorecard that will be presented to top management you
mann inc had 300000 shares of common stock issued and outstanding at december 31 year 1 on july 1 year 2 an additional
victor corporation was organized on january 2 year 1 with 100000 authorized shares of 10 par value common stock during
cyan corp issued 20000 shares of 5 par common stock at 10 per share ondecember 31 year 1 cyans retained earnings were
at december 31 year 1 rama corp had 20000 shares of 1 par value treasury stock that had been acquired in year 1 at 12
on june 30 2016 the johnstone company purchased equipment from genovese corp johnstone agreed to pay genovese 10000 on
quoit inc issued preferred stock with detachable common stock warrants the issue price exceeded the sum of the warrants
shaw company sells goods that cost 300000 to ricard company for 410000 on january 2 2017 the sales price includes an
ballard companys variable costs are one-third of its sales its fixed costs are 5 per unit when 6000 units are sold
collections during 2012 500000 expected collections during the first sixty days of 2013 100000 expected collections
fundamentals of revenue recognition- presented below are five different situations provide an answer to each of these
elm city issued a purchase order for supplies with an estimated cost of 5000 when the supplies were received the
during its fiscal year ended june 30 2012 cliff city issued purchase orders totaling 5000000 which were properly
for the year ended december 31 2012 the general fund of ward village reported revenues from the following sources on
for the year ended december 31 2012 the general fund of karsten city levied property taxes of 1000000 the city
on january 1 2017 sandhill corporation issued 650000 of 9 bonds due in 10 years the bonds were issued for 609499 and
the following transactions were among those reported by corfe citys electric utility enterprise fund for 2012capital
snow cap springs produces and sells water filtration systems for homeowners information regarding its three models is
amay have a contract specifying the division of profits among the ownersbhas an unlimited lifeccan easily transfer
answer the following questions and show workquestion inbspfedex express acquired a delivery truck on january 1 2009 for
strauch co has one class of common stock outstanding and no other securities that are potentially convertible into
shafer corporation a nonpublic company established an employee stock option plan on january 1 2011 the plan allows its